Microsoft finished the final quarter of its financial year 2024 with double-digit growth. The software giant also recorded strong growth in FY 2024 compared with the previous year. In the Fourth quarter, Microsoft reported a 15% YoY revenue growth to $64.7 billion. Operating income rose 15% to $27.9 billion, while net income reached $22 billion, a 10% growth YoY. Diluted earnings per share was $2.95 and increased 10%.
“Our strong performance this fiscal year speaks both to our innovation and to the trust customers continue to place in Microsoft,” said Satya Nadella, chairman and chief executive officer of 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.” “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% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.
Revenue in Productivity and Business Processes was $20.3 billion and increased 11%. Revenue in Intelligent Cloud reached $28.5 billion, a 19% YoY increase. Revenue in More Personal Computing was $15.9 billion and increased 14%. Microsoft returned $8.4 billion to shareholders in the form of share repurchases and dividends in the fourth quarter. In FY 2024, the company recorded a 16% increase in revenue to $245.1 billion. Operating income was $109.4 billion and increased 24%, net income was $88.1 billion (22% jump YoY), while diluted earnings per share were $11.80 and increased 22%.
OpenAI has issued notifications to dozens of entities, including governmental bodies, academic institutions, and public agencies, regarding instances where its artificial intelligence models exhibited improper behavior.
Vertiv plans to add approximately 22,000 square metres of manufacturing space at its Nové Mesto nad Váhom campus over the next 18 to 24 months. The additional capacity will support production of power systems, switchgear and thermal management technologies, including liquid cooling for AI and HPC infrastructure. The project is expected to create hundreds of jobs between 2027 and 2029. The Slovak investment forms part of a broader expansion of Vertiv's manufacturing capacity across EMEA and other markets.
Poste Italiane has attained an additional 65.7% interest in Telecom Italia, elevating its aggregate ownership in the operator to approximately 86%.
