Categories AlphaGraphs, Earnings, Technology
Earnings Infographic: Microsoft (MSFT) Q1 revenue up 11%; earnings beat
Software giant Microsoft Corp. (NASDAQ: MSFT) has entered the new fiscal year on a positive note, reporting stronger-than-expected earnings and revenues for the first quarter of 2023.
The company, which has revolutionized information technology with the Windows operating system, said first-quarter revenues rose 11% from last year to $50.12 billion. The latest number also topped expectations.
In the first three months of fiscal 2023, net profit dropped to $17.56 billion or $2.35 per share from $20.51 billion or $2.71 per share in the comparable period of last year. The latest number came in above the market’s projection.
Check this space to read management/analysts’ comments on Microsoft’s Q1 2023 earning
“In a world facing increasing headwinds, digital technology is the ultimate tailwind. In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way,” said Microsoft’s CEO Satya Nadella.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion