Microsoft Reports Earnings for Quarter Ended December 31, 2023
Microsoft Corporation Announces Financial Results
Strong Performance Driven by Cloud and Productivity Services
REDMOND, Wash., January 30, 2024 – Microsoft Corp. (NASDAQ: MSFT) today announced its financial results for the quarter ended December 31, 2023. The company reported strong performance across its business segments, driven by continued growth in cloud computing and productivity services.
"We had a strong quarter, driven by our continued investment in innovation and customer success," said Satya Nadella, Chairman and CEO of Microsoft. "We are seeing strong demand for our cloud platform and productivity tools, and we are well-positioned to continue to drive growth in the future."
The company's revenue for the quarter was $52.7 billion, up 10% from the same period last year. Net income was $18.8 billion, up 12% year-over-year. Diluted earnings per share were $2.32, up 15% from the prior year.
Microsoft's Intelligent Cloud segment, which includes Azure, Server Products, and Enterprise Services, generated revenue of $21.5 billion, up 17% from the same period last year. Azure revenue grew 23% year-over-year, driven by strong demand for the company's cloud computing services.
The company's Productivity and Business Processes segment, which includes Office 365, Dynamics 365, and LinkedIn, generated revenue of $17.4 billion, up 7% from the same period last year. Office 365 revenue grew 10% year-over-year, driven by continued adoption of the company's cloud-based productivity suite.
The company's More Personal Computing segment, which includes Windows, Xbox, and Surface, generated revenue of $13.8 billion, down 3% from the same period last year. Windows revenue declined 10% year-over-year, due to a decline in the PC market.
Overall, Microsoft had a strong quarter and continues to execute on its strategy of investing in cloud computing, productivity, and artificial intelligence. The company's financial results are expected to continue to improve in the future as these investments continue to pay off.
Komentar