Microsoft Q4 FY2024 - what does it mean for the industry

"Microsoft's Q4, FY24 earnings report ✨ . What does it mean for the industry?

Btw, Microsoft's fiscal year runs from July 1 to June 30. Q4 covers the months of April, May, and June, so it's correct that now it's their Q4. Not a mistake.

✅ Revenue grew 15% to $64.7 billion

✅ Operating income grew 15% to $27.9 billion

✅ Earnings: $2.95 per share, up by 10%

Category highlights:

☁️ Microsoft Cloud revenue was $36.8 billion ⬆️21%

👾 Xbox content and services ⬆️61%

🧠 Azure (+other cloud services) revenue ⬆️29%

📝 Office Commercial revenue ⬆️12%

📊 Dynamics 365 ⬆️19%

💻 Windows revenue ⬆️7%

💬 LinkedIn revenue ⬆️10%

🔎 Search and news advertising revenue ex TAC ⬆️19%

Product highlights:

✅ 50,000 organizations have used Copilot Studio such as Carnival Corporation, Cognizant, Eaton, and McKinsey & Company - ⬆️70%+ QoQ.

✅ 48 million monthly active users of the Microsoft Power Platform. ⬆️40%

✅ Copilot usage doubled among people engaging 5+ days a week with ⬆️60% surge in our Copilot customer base.

✅ The number of customers with >10,000 Copilot seats more than doubled QoQ, including Capital Group, The Walt Disney Company, Dow, and Novartis.

🗣️ Satya Nadella, CEO shared 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.

🗣️ Amy Hood, CFO shared 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

For ABN Asia, as we are building our own Ai platform, the strategies of the big tech players make us think and align our strategies very carefully. How to be relevant and competitive. Our strategy is to bet on data and customized use cases, things that would be very very expensive for any one-customer to do, but we as expert SI can.

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Author

AiUTOMATING PEOPLE, ABN ASIA was founded by people with deep roots in academia, with work experience in the US, Holland, Hungary, Japan, South Korea, Singapore, and Vietnam. ABN Asia is where academia and technology meet opportunity. With our cutting-edge solutions and competent software development services, we're helping businesses level up and take on the global scene. Our commitment: Faster. Better. More reliable. In most cases: Cheaper as well.

Feel free to reach out to us whenever you require IT services, digital consulting, off-the-shelf software solutions, or if you'd like to send us requests for proposals (RFPs). You can contact us at [email protected]. We're ready to assist you with all your technology needs.

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