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In its 2024 financial year, Microsoft generated 77 billion U.S. dollars from its productivity and business processes segment and a further 105 billion through its intelligent cloud segment. Thanks in part to the rapid growth in these two areas, 2024 proved to be the company’s most successful year ever in terms of annual revenue, with the total figure reaching over 245 billion dollars.

Microsoft Corporation

Since its foundation in 1975, Microsoft has grown into one of the most successful tech firms in the world and has experienced years of continued success. In order to ensure that this growth persists, the company has added tens of thousands of employees over the past decade and invested billions into research and development. Some of Microsoft’s major business ventures include its Windows operating system, various lines of consumer electronics, software packages such as Microsoft Office, as well as newer offerings such as cloud computing capabilities.

Intelligent cloud segment

As Microsoft's fastest-growing business, intelligent cloud replaced the more personal computing segment in FY2020 to become the company's largest business segment. The intelligent cloud segment contains Microsoft's public, private, and hybrid server products and cloud services, such as Azure, SQL Server, etc. Together with Amazon Web Services (AWS) and Google Cloud Platform (GCP), Azure is one of the most popular cloud infrastructure as a service (IaaS) offerings. The intelligent cloud segment, however, does not reflect the totality of Microsoft's cloud business, as Office 365 - the company's popular cloud collaboration solution - is grouped under the productivity and business processes segment. The software giant has established a firm footing in the fast-growing cloud market.

Microsoft's revenue from financial years 2012 to 2024, by segment (in billion U.S. dollars)

Characteristic	Productivity and business processes	Intelligent cloud	More personal computing	Commercial Licensing	Device and Consumer Licensing	Computing and Gaming Hardware	Commercial Other	Devices and Consumer Other	Phone Hardware
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Release date

July 2024

More information

Region

Worldwide

Survey time period

2012 to 2024

Supplementary notes

On April 25, 2014, Microsoft completed the transaction to acquire substantially all of Nokia Corporation’s Devices and Services Business (NDS). The financial performance of NDS is now reported in the Phone Hardware segment. Prior to the acquisition of NDS, financial results associated with joint strategic initiatives with Nokia were reflected in the devices and consumer licensing segment.

Microsoft changed their segment reporting for the 2016 financial year, providing historical reporting for the new segments only as far back as 2014. (Old reporting data is available in the

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