Key Points:
- Microsoft’s quarterly revenue increased 12% to $69.6 billion
- Operating income was $31.7 billion, a 17% increase
- Net income was $24.1 billion, a 10% increase
- Microsoft’s AI business has surpassed an annual revenue run rate of $13 billion, up 175% year-over-year
Microsoft has announced its quarterly results for the period ended December 31, 2024, showing a 12% increase in revenue to $69.6 billion. The company’s operating income also saw a 17% increase to $31.7 billion, while net income rose 10% to $24.1 billion.
Microsoft’s CEO Satya Nadella emphasized the company’s focus on innovation across its tech stack and its efforts to help customers unlock the full return on investment (ROI) of artificial intelligence (AI). The company’s AI business has already surpassed an annual revenue run rate of $13 billion, up 175% year-over-year.
The company’s Productivity and Business Processes segment saw a 14% increase in revenue, driven by a 15% growth in Microsoft 365 Commercial products and cloud services revenue. The Intelligent Cloud segment saw a 19% increase in revenue, driven by a 21% growth in Server products and cloud services revenue.
Microsoft also returned $9.7 billion to shareholders in the form of dividends and share repurchases during the quarter. The company will provide guidance for its fiscal year 2025 during its earnings call later today.
Redmond, Wash. — January 29, 2025 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2024, as compared to the corresponding period of last fiscal year:
Revenue: $69.6 billion and increased 12%
Operating Income: $31.7 billion and increased 17% (up 16% in constant currency)
Net Income: $24.1 billion and increased 10%
Diluted Earnings per Share: $3.23 and increased 10%
Business Highlights:
- Revenue in Productivity and Business Processes was $29.4 billion and increased 14% (up 13% in constant currency)
- Revenue in Intelligent Cloud was $25.5 billion and increased 19% (up 18% in constant currency)
- Revenue in More Personal Computing was $14.7 billion and was relatively unchanged
Forward-Looking Statements:
"We are innovating across our tech stack and helping customers unlock the full ROI of AI to capture the massive opportunity ahead," said Satya Nadella, chairman and chief executive officer of Microsoft. "Already, our AI business has surpassed an annual revenue run rate of $13 billion, up 175% year-over-year."
"We are committed to balancing operational discipline with continued investments in our cloud and AI infrastructure," said Amy Hood, executive vice president and chief financial officer of Microsoft.
The company will host a conference call and webcast at 2:30 p.m. Pacific time today to discuss its performance for the quarter and certain forward-looking information. The session may be accessed at http://www.microsoft.com/en-us/investor. The webcast will be available for replay through the close of business on January 29, 2026.
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