Microsoft Earnings Release – FY23 Q3

Microsoft Corp. today announced the following results for the quarter ended March 31, 2023, as compared to the corresponding period of last fiscal year:

  • Revenue was $52.9 billion and increased 7% (up 10% in constant currency)
  • Operating income was $22.4 billion and increased 10% (up 15% in constant currency)
  • Net income was $18.3 billion and increased 9% (up 14% in constant currency)
  • Diluted earnings per share was $2.45 and increased 10% (up 14% in constant currency)

“The world’s most advanced AI models are coming together with the world’s most universal user interface – natural language – to create a new era of computing,” said Satya Nadella, chairman and chief executive officer of Microsoft. “Across the Microsoft Cloud, we are the platform of choice to help customers get the most value out of their digital spend and innovate for this next generation of AI.”

“Focused execution by our sales teams and partners in this dynamic environment resulted in Microsoft Cloud revenue of $28.5 billion, up 22% (up 25% in constant currency) year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.