Microsoft reports $64.7 billion FY24 Q4 revenue, the seventh consecutive Surface decline, and big jumps for Xbox and cloud

Following the end of the fourth and final quarter of Microsoft’s fiscal year 2024 on July 30, the firm has released its FY24 Q4 earnings report. This report gives consumers and investors a thorough overview of the health of the company’s various different divisions and business ventures.

Compared to the the same period of the previous fiscal year, total revenue has risen by 15%, with Microsoft reporting $64.7 billion for the quarter and $245.1 billion for the whole year (a 16% jump). Some other major numbers from this quarter’s results — including operating income, net income, and diluted earnings per share — follow below:

• Operating income was $27.9 billion, and is up 15% (up 16% in constant currency)
• Net income was $22 billion, and is up 10% (up 11% in constant currency)
• Diluted earnings per share was $2.95, and is up 10% (up 11% in constant currency)

Microsoft’s continued growth can largely be attributed to the strength of the firm’s cloud servers and services, Office and productivity products, and Xbox content and services. Revenue in Productivity and Business Processes was $20.3 billion and rose by 11%, revenue in Intelligent Cloud jumped 19% to $28.5 billion, and revenue in More Personal Computing was $15.9 billion and improved 14%.