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On January 29, 2025, Microsoft Corp (MSFT, Financial) released its 8-K filing for the quarter ended December 31, 2024. The company reported a revenue of $69.6 billion, surpassing the analyst estimate of $68.78 billion. The diluted earnings per share (EPS) stood at $3.23, exceeding the estimated EPS of $3.11. This performance highlights Microsoft's robust growth driven by its cloud and AI segments.
Company Overview
Microsoft Corp (MSFT, Financial) is a leading technology company that develops and licenses consumer and enterprise software. Known for its Windows operating systems and Office productivity suite, Microsoft is organized into three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. These segments encompass a range of products and services, including Microsoft Office, Azure, Windows Server, Xbox, and Surface devices.
Financial Performance and Challenges
Microsoft's revenue increased by 12% year-over-year, reaching $69.6 billion. Operating income rose by 17% to $31.7 billion, while net income grew by 10% to $24.1 billion. The company's strong performance is largely attributed...