Stock Analysis on Net

Microsoft Corp. (NASDAQ:MSFT)

Analysis of Revenues 

Microsoft Excel

Revenues as Reported

Microsoft Corp., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019
Server products and cloud services 97,726 79,970 67,350 52,589 41,379 32,622
Office products and cloud services 54,875 48,728 44,862 39,872 35,316 31,769
Windows 23,244 21,507 24,732 22,488 22,294 20,395
Gaming 21,503 15,466 16,230 15,370 11,575 11,386
LinkedIn 16,372 15,145 13,816 10,289 8,077 6,754
Search and news advertising 12,576 12,208 11,591 9,267 7,740 7,628
Enterprise and partner services 7,594 7,722 7,407 6,943 6,409 6,124
Dynamics products and cloud services 6,481 5,437 4,687 3,754
Devices 4,706 5,521 7,306 7,143 6,457 6,095
Other 45 211 289 373 3,768 3,070
Revenue 245,122 211,915 198,270 168,088 143,015 125,843

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).


Overall Revenue Trend
The total revenue demonstrated a consistent upward trajectory from 2019 to 2024, increasing from approximately US$125.8 billion in 2019 to US$245.1 billion in 2024. This indicates a strong growth rate over the period, nearly doubling within five years.
Server Products and Cloud Services
This segment exhibited robust growth, rising from about US$32.6 billion in 2019 to nearly US$97.7 billion in 2024. The steady and significant annual increases suggest a strong market demand and successful expansion in cloud and server-related offerings.
Office Products and Cloud Services
Revenue in this segment also showed positive growth, climbing from approximately US$31.8 billion in 2019 to US$54.9 billion in 2024. The increases were consistent each year, reflecting sustained demand for office productivity solutions and cloud services.
Windows
The Windows segment showed more variable performance. Revenues grew modestly from US$20.4 billion in 2019 to a peak of US$24.7 billion in 2022, followed by a decline to US$21.5 billion in 2023, then a moderate recovery to US$23.2 billion in 2024. This suggests some market challenges or shifts impacting this category.
Gaming
Gaming revenues increased overall, starting from US$11.4 billion in 2019 and rising to US$21.5 billion in 2024. Notably, there was a substantial jump between 2023 and 2024, indicating heightened consumer engagement or successful new product launches.
LinkedIn
LinkedIn's revenue showed steady growth each year, expanding from about US$6.8 billion in 2019 to US$16.4 billion in 2024. The continuous increase reflects growing monetization and user base expansion.
Search and News Advertising
This segment experienced moderate growth from US$7.6 billion in 2019 to US$12.6 billion in 2024, with steady annual increases, indicating stable performance in advertising revenue streams.
Enterprise and Partner Services
Revenue in this segment grew gradually from approximately US$6.1 billion in 2019 to a peak of US$7.7 billion in 2023, followed by a slight decrease to US$7.6 billion in 2024. This suggests relative stability with minor fluctuations.
Dynamics Products and Cloud Services
Data begins in 2021, showing growth from US$3.8 billion to US$6.5 billion in 2024. This reflects a positive trend, indicating increasing adoption and expansion within this product line.
Devices
The Devices segment showed early growth from US$6.1 billion in 2019 to US$7.3 billion in 2022, but then experienced declines towards US$4.7 billion by 2024. This decline could be indicative of shifting consumer preferences or increased competition in hardware offerings.
Other
The 'Other' category declined sharply from US$3.1 billion in 2019 to negligible levels by 2024, potentially reflecting the divestment or discontinuation of smaller business units or non-core activities.