Fiscal Year Results refer to the financial performance and outcomes of a business or organization over the course of a fiscal year, which is a one-year period used for budgeting, accounting, and financial reporting purposes. These results typically include key financial metrics such as revenue, net income, expenses, and cash flow. Organizations use fiscal year results to assess their financial health, make comparisons to prior years, and set future financial goals. The results are often disclosed in financial statements, reports, and investor presentations, providing stakeholders with insight into the company’s operational efficiency and profitability during that specific period. The fiscal year may not align with the calendar year, allowing organizations to choose a reporting period that best fits their operational cycle.
Microsoft recently concluded its fiscal year 2024 with remarkable financial achievements. The tech giant reported total revenues of $245.1 billion, marking a substantial 16% year-over-year increase. Moreover, Microsoft recorded a…