Microsoft Q4 2024 results record yet another height of AI & cloud performance
As expected.
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Key notes
- Microsoft Q4 2024 revenue up 15% to $64.7 billion, net income up 10%.
- Cloud revenue, led by Intelligent Cloud, reached $28.5 billion.
- Microsoft 365, Office, and LinkedIn also saw notable revenue growth.
Microsoft has recently posted its Q4 2024 results, kicking off a new financial year with a total revenue increase of 15% to $64.7 billion and a net income rise of 10% to $22 billion.
As expected, the Redmond-based tech giant has recorded a strong performance in AI and cloud sectors. The company’s cloud segment, particularly its Intelligent Cloud division, saw significant growth, contributing $28.5 billion and representing nearly 45% of total revenue.
Amy Hood, Microsoft’s executive VP, says that they ended their fiscal year strongly, with record bookings and Microsoft Cloud quarterly revenue reaching $36.8 billion, marking a 21% increase year-over-year (22% in constant currency).
Microsoft’s Office and cloud services grew well this quarter. Office commercial products and cloud services revenue went up by 12%, and Office 365 commercial revenue rose by 13%.
On the consumer side, Microsoft 365 gained 10% more subscribers, reaching 82.5 million, and Office consumer revenue increased by 3%. LinkedIn also did well, with a 10% increase in revenue.
Microsoft’s big bet in cloud and AI is surely paying off, despite a few hiccups here and there with antitrust regulators.
In the previous quarter, Microsoft reported $61.9 billion in revenue, a 17% increase from the previous year. Cloud revenue surged by 23% to $35.1 billion, driven by strong demand for its Azure cloud services and AI products.
The Intelligent Cloud segment also grew by 21%, while Microsoft 365 and the More Personal Computing segments also saw notable gains.
