Microsoft releases Q2 Fiscal Year 2023 report

Microsoft has published income statement for the second quarter of fiscal year 2023. Revenue for the specified period amounted to $52.7 billion; net profit – $ 16.4 billion. For comparison, for the same period last year, revenue was $ 51.7 billion; net profit — $18.8 billion.

Note. The fiscal year is not the same as the calendar year. In the US, the fiscal year starts on July 1 and ends on June 30.

Highlights of the quarterly report:

• Revenue was $52.7 billion (up 2%);
• Operating income was $20.4 billion (down 8%);
• Net profit amounted to $16.4 billion (decreased by 12%);
• Divided EPS is $2.20 (down 12%);
• Productivity and business process revenue was $17.0 billion (up 7%);
• Intelligent Cloud revenue was $21.5 billion (up 18%);
• More Personal Computing revenue was $14.2 billion (down 19%);
• Revenue from commercial Office products grew by 7%;
• Office consumer product revenue down 2%;
• LinkedIn revenue up 10%;
• Income from Dynamics grew by 13%;
• Income from server products and cloud services increased by 20%;
• Azure revenue up 31%;
• Windows OEM revenue down 39%;
• Revenue from commercial Windows products and cloud services decreased by 3%;
• The revenue of the gaming division decreased by 12%;
• Search advertising revenue increased by 10%;
• Surface revenue down 39%.