What you need to know
- Following the conclusion of Microsoft's fiscal year 2024, the company has published its FY24 Q4 results in a new earnings report.
- Microsoft reports $64.7 billion in revenue for the quarter (a 15% increase) and $245.1 billion full the full year (up 16%), with positive growth across all of its divisions.
- Notably, Xbox and gaming saw a huge 61% revenue jump, with most of that increase coming from Microsoft's acquisition of Activision Blizzard King late last year. Server products, cloud services, and search and news advertising revenue rose substantially as well.
- Xbox hardware is down 42%, which indicates that Xbox Series X|S sales have slowed. Surface revenue has also fallen 11%; this is the seventh consecutive decline for Microsoft's devices division.
