After Microsoft’s fourth and final fiscal 2024 quarter ended on July 30, the company released its Q4 FY24 earnings report. This report offers consumers and investors a comprehensive review of the adequacy of the divisions and company commercial projects.
Compared to the same period last year, overall earnings increased 15%, with Microsoft reporting $64. 7 billion for the quarter and $245. 1 billion for the full year (an increase of 16%). Other key figures for this quarter’s effects include: oconsistent with source profit, net source profit and diluted profit consistent with participation:
Microsoft’s continued expansion can be attributed in large part to the strength of its servers and cloud services, Office and productivity products, and Xbox content and services. Productivity and business procedures gained $20. 3 billion and grew 11%, intelligent cloud profits increased 19% to $28. 5 billion. Array and other private computing profits reached $15. 9 billion and grew 14%.
Xbox content and installs saw the biggest increase with a whopping 61% year-over-year increase in earnings, with a net 58-issue effect from Microsoft’s acquisition of Activision Blizzard King near the start of the fiscal year. Server products and cloud installations also increased by 21%, and earnings from search and news ads (excluding traffic acquisition costs) increased by 19%.
While the report’s top is positive, it shows a whopping 42% relief in Xbox hardware earnings, indicating that sales of Microsoft’s Xbox Series X|S console have slowed. There’s also an 11% drop in profits from devices, which include Microsoft’s Surface products. , this is the seventh consecutive quarter in which device earnings have declined, indicating that the company is struggling to grow its Surface user base.
If there’s one thing this earnings report makes clear about Microsoft, it’s that the company’s good fortune in server products and cloud installations is critical to its continued growth. Much of the company’s profits come from things like Microsoft Azure and offset significant drops in other spaces like the Surface department and Xbox hardware. Microsoft Office also continues to perform strongly, and its programs continue to be among the most popular and widely used IT productivity tools.
The effect of Microsoft’s merger with Activision Blizzard also doesn’t deserve to be underestimated, as the acquisition alone increased Xbox and gaming profits by about 60%. In the months since its final touch last year, we’ve seen a great Activision Blizzard. titles like Diablo Four and Call of Duty: Modern Warfare 3 are coming to the Xbox Game Pass catalog, and Call of Duty: Black Ops 6 is also heading to the Xbox Game Pass catalog.
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Brendan Lowry is a Windows Central editor and Oakland University graduate with a love for video games, which he has been a big fan of since childhood. He has been writing for Team WC since the summer of 2017 and can be found writing news and editorials. , reviews and general policies on all things gaming, Xbox and Windows PC. His favorite game of all time is probably NieR: Automata, although Elden Ring, Fallout: New Vegas and Team Fortress 2 are also in the running. he’s not writing or acting, there’s a good chance he’s watching a hot new movie or TV show or going out for once. Follow him on X (Twitter).
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