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Mar 31, 2023
Microsoft Q3 2023 Earnings Report
Microsoft's Q3 2023 earnings were driven by cloud strength.
Key Takeaways
Microsoft reported a 7% increase in revenue, reaching $52.9 billion, and a 10% increase in operating income, amounting to $22.4 billion. Net income increased by 9% to $18.3 billion, with diluted earnings per share rising by 10% to $2.45.
Microsoft Cloud revenue reached $28.5 billion, up 22% year-over-year.
Productivity and Business Processes revenue was $17.5 billion, an increase of 11%.
Intelligent Cloud revenue was $22.1 billion, up 16%.
More Personal Computing revenue was $13.3 billion, a decrease of 9%.
Microsoft
Microsoft
Forward Guidance
Microsoft will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.