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AI English summary of an SEC filing — figures as filed

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Microsoft said it reported revenue of $61.9 billion (up 17%), operating income of $27.6 billion (up 23%), net income of $21.9 billion (up 20%), and diluted earnings per share of $2.94 (up 20%) for the quarter ended March 31, 2024.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Microsoft said it reported revenue of $61.9 billion (up 17%), operating income of $27.6 billion (up 23%), net income of $21.9 billion (up 20%), and diluted earnings per share of $2.94 (up 20%) for the quarter ended March 31, 2024.

  2. The company said its revenue for 3 months was $19.6 billion (up 12%) in Productivity and Business Processes, $26.7 billion (up 21%) in Intelligent Cloud, and $15.6 billion (up 17%) in More Personal Computing, and that Azure and other cloud services revenue rose 31%.

  3. The company said Microsoft Cloud revenue was $35.1 billion, up 23% from a year earlier. It said Xbox content and services revenue rose 62%, and that 61 points of that growth reflected the net impact of the Activision acquisition.

  4. Microsoft said operating cash flow was $31,917 million (in millions) for the 3 months ended March 31, 2024. It said it returned $8.4 billion to shareholders through share repurchases and dividends in Q3.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Quarterly Revenue, Operating Income and Net Income (3 Months Ended March 31, 2024)

Microsoft said it reported revenue of $61.9 billion (up 17%), operating income of $27.6 billion (up 23%), net income of $21.9 billion (up 20%), and diluted earnings per share of $2.94 (up 20%) for the quarter ended March 31, 2024.

Source · Based on the filing body and exhibits

Segment Revenue: Intelligent Cloud $26.7 billion

The company said its revenue for 3 months was $19.6 billion (up 12%) in Productivity and Business Processes, $26.7 billion (up 21%) in Intelligent Cloud, and $15.6 billion (up 17%) in More Personal Computing, and that Azure and other cloud services revenue rose 31%.

Source · Based on the filing body and exhibits

Microsoft Cloud Revenue and Activision Impact on Xbox

The company said Microsoft Cloud revenue was $35.1 billion, up 23% from a year earlier. It said Xbox content and services revenue rose 62%, and that 61 points of that growth reflected the net impact of the Activision acquisition.

Source · Based on the filing body and exhibits

Quarterly Operating Cash Flow and Shareholder Returns

Microsoft said operating cash flow was $31,917 million (in millions) for the 3 months ended March 31, 2024. It said it returned $8.4 billion to shareholders through share repurchases and dividends in Q3.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.