The earnings report for Microsoft's third quarter of fiscal year 2023 is now available. During this period, the company generated $52.9 billion in revenue and $18.3 billion in net profit. To compare, in the same quarter of the previous year, the revenue was $49.4 billion and the net profit was $16.7 billion.
Microsoft's fiscal Q3 2023 results
The company's revenue for the quarter reached $52.9 billion, an increase of 7%. Microsoft's operating income for the quarter was $22.4 billion, up 10%, and net income was $18.3 billion, up 9%. The earnings per share (EPS) were $2.45, up 10%.
The Productivity and Business Process revenue increased by 11% to $17.5 billion, while the Intelligent Cloud revenue rose by 16% to $22.1 billion. However, the More Personal Computing revenue decreased by 9% to $13.3 billion.
Revenue from commercial Office products increased by 13%, and Office consumer product revenue rose by 1%. LinkedIn revenue grew by 17%, while income from Dynamics increased by 25%. Additionally, income from server products and cloud services increased by 17%, and Azure revenue rose by 27%.
On the other hand, Windows OEM revenue decreased by 28%, and Surface revenue declined by 30%. Revenue from commercial Windows products and cloud services increased by 14%, and the revenue of the gaming division grew by 3%. Furthermore, search advertising revenue increased by 10%.
The fiscal year starts on July 1 and ends on June 30.
The official press release is here.
Winaero greatly relies on your support. You can help the site keep bringing you interesting and useful content and software by using these options:
If you like this article, please share it using the buttons below. It won't take a lot from you, but it will help us grow. Thanks for your support!