Microsoft Cloud And AI Strength Drives Second Quarter Results
Microsoft News, Wednesday, January 29th, 2025
Microsoft Corp. announced results for the quarter ended December 31, 2024
- Revenue was $69.6 billion and increased 12%
- Operating income was $31.7 billion and increased 17% (up 16% in constant currency)
- Net income was $24.1 billion and increased 10%
- Diluted earnings per share was $3.23 and increased 10%
'We are innovating across our tech stack and helping customers unlock the full ROI of AI to capture the massive opportunity ahead,' said Satya Nadella, chairman and chief executive officer of Microsoft. 'Already, our AI business has surpassed an annual revenue run rate of $13 billion, up 175% year-over-year.'
'This quarter Microsoft Cloud revenue was $40.9 billion, up 21% year-over-year,' said Amy Hood, executive vice president and chief financial officer of Microsoft. 'We remain committed to balancing operational discipline with continued investments in our cloud and AI infrastructure.'