Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Get in touch with us nowIn 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.
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.
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.
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Overview
Company financials
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Competitors: Software
Competitors: Cloud
Special focus: ChatGPT
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* For commercial use only
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The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.