Microsoft said revenue for the quarter ended September 30, 2024 rose $9.1 billion, or 16%, from a year earlier. Azure and other cloud services revenue grew 33%, and the company said 12 points of that growth came from AI services.

1. 01

   Microsoft said revenue for the quarter ended September 30, 2024 rose $9.1 billion, or 16%, from a year earlier. Azure and other cloud services revenue grew 33%, and the company said 12 points of that growth came from AI services.

2. 02

   The company said Microsoft Cloud gross margin percentage fell to 71% this quarter, citing the scaling of its AI infrastructure as the reason. Operating income rose $3.7 billion, or 14%.

3. 03

   Xbox content and services revenue rose 61%, and the company said 53 points of that growth reflected the net impact of the Activision Blizzard acquisition. It also said 9 points of the 12% increase in operating expenses came from the Activision Blizzard acquisition.

4. 04

   The company said cash from operations for the quarter rose $3.6 billion to $34.2 billion. Cash used in financing activities totaled $16.6 billion, and the company cited a $31.0 billion increase in cash used for debt repayments, net of proceeds, as the main factor.

Key figures

Quarter ended September 30, 2024

Revenue

$65.6B

Operating income

$30.6B

Net income

$24.7B

EPS

$3.30

Gross profit

$45.5B

Operating cash flow

$34.2B

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

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