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1、 1 Dear shareholders,colleagues,customers,and partners:Fiscal year 2024 was a pivotal year for Microsoft.We entered our 50th year as a company and the second year of the AI platform shift.With these milestones,Ive found myself reflecting on how Microsoft has remained a consequential company decade a

2、fter decade in an industry with no franchise value.And I realize that its becausetime and time again,when tech paradigms have shiftedwe have seized the opportunity to reinvent ourselves to stay relevant to our customers,our partners,and our employees.And thats what we are doing again today.Microsoft

3、 has been a platform and tools company from the start.We were founded in 1975 with a belief in creating technology that would enable others to create their own.And,nearly 50 years later,this belief remains at the heart of our mission to empower every person and every organization on the planet to ac

4、hieve more.This year,we moved from talking about AI to helping our customers translate it into real outcomesone person,one organization,one institution,and one country at a time.We have made remarkable progress on this front across every industry.For example:Coles is generating 1.6 billion daily AI

5、predictions across 850 Australian stores,ensuring every shopper finds what they need.Unilever is performing thousands of simulations with AI in the time it would take to run tens of laboratory experiments,as it accelerates its product development.Developers at Ita,Brazils largest private bank,are co

6、ding more efficiently using our AI pair programmer,GitHub Copilot.Khan Academy is making tutoring more accessible for students and helping teachers plan more creative lessons,using our small language model Phi.Aquafarmers in Indonesia are improving their yields,thanks to an app built with the Azure