Microsoft said it completed its acquisition of Activision Blizzard on October 13, 2023 for a total purchase price of $75.4 billion, consisting primarily of cash. The financial results of Activision Blizzard have been included in its consolidated financial statements since the acquisition date and are reported in the More Personal Computing segment.

1. 01

   Microsoft said it completed its acquisition of Activision Blizzard on October 13, 2023 for a total purchase price of $75.4 billion, consisting primarily of cash. The financial results of Activision Blizzard have been included in its consolidated financial statements since the acquisition date and are reported in the More Personal Computing segment.

2. 02

   The company said Server products and cloud services revenue increased $4.4 billion, or 22%, in fiscal 2024 Q2 compared with the prior-year period, and Azure and other cloud services revenue grew 30%. The company cited growth in consumption-based services as the driver of Azure growth.

3. 03

   The company said Gaming revenue increased $2.4 billion, or 49%, in Q2 compared with the prior-year period, and Xbox content and services revenue rose 61%. It said 55 points of that increase reflected the net impact of the Activision Blizzard acquisition.

4. 04

   The company said operating cash flow for the 6 months ended December 31, 2023 increased $15.1 billion to $49.4 billion, and investing cash outflows increased $61.1 billion to $71.4 billion. Cash, cash equivalents, and short-term investments totaled $81.0 billion as of December 31, 2023, compared with $111.3 billion as of June 30, 2023.

Key figures

Quarter ended December 31, 2023

Revenue

$62.0B

Operating income

$27.0B

Net income

$21.9B

EPS

$2.93

Gross profit

$42.4B

Operating cash flow

$18.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.