On July 30th local time, Microsoft Corporation announced its financial results for the fourth quarter and the full fiscal year of 2024, demonstrating robust growth and strong profitability. According to the report, the company's Q4 revenue reached $64.7 billion, a 15% increase from the same period last year. Operating profit also performed well, at $27.9 billion, a 15% increase year-over-year. Net profit stood at $22 billion, a 10% increase, and diluted earnings per share were $2.95, up 10% year-over-year.
Looking at the entire fiscal year of 2024, Microsoft's annual performance was even more impressive. Annual revenue soared to $245.1 billion, a 16% increase. Operating profit reached $109.4 billion, a 24% increase year-over-year. Net profit was $88.1 billion, a 22% increase, and diluted earnings per share were $11.80, also up 22% year-over-year.
Microsoft's growth in fiscal year 2024 can be attributed to its continuous innovation and market expansion in various fields, including cloud computing, artificial intelligence, and personal computing devices. The company has successfully met the needs of customers worldwide and maintained a leading position in the competitive market through constant technological innovation and product upgrades.
Microsoft's management expressed satisfaction with the performance in fiscal year 2024 and remains optimistic about future prospects. They will continue to invest in key technology areas to promote the company's long-term growth and create greater value for shareholders.