MSFT 8-K — Smart Summary

Microsoft filed an 8-K on July 30, 2024, reporting financial results for the fiscal quarter and full year ended June 30, 2024. Q4 revenue grew 15% YoY to $64.7 billion, driven by strong Microsoft Cloud performance of $36.8 billion, up 21% YoY. Full fiscal year 2024 revenue reached $245.1 billion, up 16% YoY, with record bookings highlighted by the CFO.

• Q4 revenue: $64.7 billion, up 15% YoY (up 16% in constant currency)
• Q4 operating income: $27.9 billion, up 15% YoY (up 16% in constant currency)
• Q4 net income: $22.0 billion, up 10% YoY (up 11% in constant currency)
• Q4 diluted EPS: $2.95, up 10% YoY (up 11% in constant currency)
• Q4 gross margin: $45.0 billion vs. $39.4 billion in prior year period
• Q4 net cash from operations: $37.2 billion vs. $28.8 billion in prior year period
• Full year revenue: $245.1 billion, up 16% YoY; full year net income: $88.1 billion, up 22% YoY; full year diluted EPS: $11.80, up 22% YoY
• Full year operating income: $109.4 billion, up 24% YoY (up 22% non-GAAP)

• Productivity and Business Processes: Q4 revenue $20.3 billion, up 11% YoY (up 12% in constant currency); full year revenue $77.7 billion vs. $69.3 billion
• Intelligent Cloud: Q4 revenue $28.5 billion, up 19% YoY (up 20% in constant currency); full year revenue $105.4 billion vs. $87.9 billion
• More Personal Computing: Q4 revenue $15.9 billion, up 14% YoY (up 15% in constant currency); full year revenue $62.0 billion vs. $54.7 billion
• Microsoft Cloud quarterly revenue: $36.8 billion, up 21% YoY (up 22% in constant currency)
• Azure and other cloud services revenue: up 29% YoY (up 30% in constant currency)
• Xbox content and services revenue: up 61% YoY, driven by 58 points of net impact from the Activision acquisition
• Q4 segment operating income — Productivity and Business Processes: $10.1 billion; Intelligent Cloud: $12.9 billion; More Personal Computing: $4.9 billion

• Microsoft returned $8.4 billion to shareholders in Q4 fiscal year 2024 in the form of share repurchases and dividends
• Q4 common stock repurchased: $4.2 billion; Q4 common stock cash dividends paid: $5.6 billion
• Full year common stock repurchased: $17.3 billion; full year common stock cash dividends paid: $21.8 billion
• Cash and cash equivalents at June 30, 2024: $18.3 billion; total cash, cash equivalents, and short-term investments: $75.5 billion
• Long-term debt at June 30, 2024: $42.7 billion; short-term debt: $6.7 billion
• Full year proceeds from issuance of debt: $24.4 billion; full year repayments of debt: $29.1 billion

• "Our strong performance this fiscal year speaks both to our innovation and to the trust customers continue to place in Microsoft. As a platform company, we are focused on meeting the mission-critical needs of our customers across our at-scale platforms today, while also ensuring we lead the AI era." — Satya Nadella, chairman and chief executive officer
• "We closed out our fiscal year with a solid quarter, highlighted by record bookings and Microsoft Cloud quarterly revenue of $36.8 billion, up 21% (up 22% in constant currency) year-over-year." — Amy Hood, executive vice president and chief financial officer

• Microsoft stated it will provide forward-looking guidance in connection with the quarterly earnings announcement on its earnings conference call and webcast
• No specific quantitative forward guidance figures were included in the press release