Microsoft has been trying to convince investors that AI is paying off, but they seem unimpressed by news about customer adoption and revenue revealed on Tuesday in the software giant's Q4 and full-year 2024 results.
AI-900 Exam // EP 01 // Azure AI Fundamentals AI-900 Course Introduction by Susanth Sutheesh
For the full year, Microsoft pulled in $245.1 billion and earned $88 billion in net profit — up 16 percent and 22 percent, respectively. For the quarter, revenue of $64.7 billion and net income of $22 billion were up 15 percent and 10 percent, respectively.
On the earnings call, the executives talked about the impact of AI.
GitHub Copilot has gained 77,000 users in the two years since its debut, and CEO Satya Nadella noted that the revenue it generates surpasses all of GitHub's revenue when Microsoft acquired the code locker in 2018. GitHub was private at the time and was believed to have revenue of about $300 million a year. Nadella said GitHub's annual revenue is now $2 billion and Copilot accounted for over 40 percent of its growth over the past year — but did not elaborate further.
