Few public companies dominated the headlines in 2023 more than (NASDAQ: MSFT), whether it was its involvement with OpenAI's Chat GPT, its successful $69 billion acquisition of Activision Blizzard, or antitrust probes. Investors in the nearly $3 trillion tech giant were rewarded handsomely with a total return of 56%, outpacing the benchmark S 500 by roughly 32%.

Still, shareholders and prospective investors are reasonable to ask the question: How much bigger can Microsoft get? So, let's look at its recent key financial metrics, what could go wrong, and its future growth potential.

Looking at Microsoft's top and bottom lines over recent years, you might be struck by the company's sheer growth. To illustrate, Microsoft generated $110.3 billion in revenue for its fiscal year 2018 and $211.9 billion in revenue for its fiscal year 2023, representing an compound annual growth rate (CAGR) of 14%.

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Source Fool.com