SAN FRANCISCO: Microsoft posted on Tuesday its revenue of US$52.9 billion for the third quarter of the 2023 fiscal year ending March 31, up 7 per cent from the same period last year, reported Xinhua.
The company generated a quarterly net income of US$18.3 billion, an increase of 9 per cent year on year, while diluted earnings per share went up 10 per cent to US$2.45. Its operating income was US$22.4 billion and increased 10 per cent, Microsoft said in its financial report for the third quarter of fiscal 2023.
The company’s revenue in Productivity and Business Processes was US$17.5 billion, an increase of 11 per cent; its revenue in Intelligent Cloud was US$22.1 billion and increased by 16 per cent; and revenue in More Personal Computing was US$13.3 billion, a 9 per cent decrease year on year.
Microsoft returned US$9.7 billion to shareholders in the form of share repurchases and dividends in the quarter, compared to US$12.4 billion in the same period of fiscal 2022.
“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 CEO 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,” he said. – BERNAMA
