In its 2023 financial year, Microsoft generated 69 billion U.S. dollars from its productivity and business processes segment and a further 88 billion through its intelligent cloud segment. Thanks in part to the rapid growth in these two areas, 2023 proved to be the company’s most successful year ever in terms of annual revenue, with the total figure reaching over 211 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.
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 2012 to 2023 financial years, by segment
(in billion U.S. dollars)
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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Microsoft. (July 25, 2023). Microsoft's revenue from 2012 to 2023 financial years, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 29, 2023, from https://www.statista.com/statistics/273482/segment-revenue-of-microsoft/
Microsoft. "Microsoft's revenue from 2012 to 2023 financial years, by segment (in billion U.S. dollars)." Chart. July 25, 2023. Statista. Accessed September 29, 2023. https://www.statista.com/statistics/273482/segment-revenue-of-microsoft/
Microsoft. (2023). Microsoft's revenue from 2012 to 2023 financial years, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 29, 2023. https://www.statista.com/statistics/273482/segment-revenue-of-microsoft/
Microsoft. "Microsoft's Revenue from 2012 to 2023 Financial Years, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 25 Jul 2023, https://www.statista.com/statistics/273482/segment-revenue-of-microsoft/
Microsoft, Microsoft's revenue from 2012 to 2023 financial years, by segment (in billion U.S. dollars) Statista, https://www.statista.com/statistics/273482/segment-revenue-of-microsoft/ (last visited September 29, 2023)
Microsoft's revenue from 2012 to 2023 financial years, by segment (in billion U.S. dollars) [Graph], Microsoft, July 25, 2023. [Online]. Available: https://www.statista.com/statistics/273482/segment-revenue-of-microsoft/