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
INTC Stock: Where does Intel stand in the semiconductor race?
Intel Corporation (NASDAQ: INTC) is working to regain dominance in the semiconductor market, while evolving from an integrated chipmaker into a global foundry player. The turnaround plan involves massive capital
J.M. Smucker (SJM) is prioritizing brands with the highest growth potential, a few points to note
Shares of The J.M. Smucker Co. (NYSE: SJM) dipped over 1% on Monday. The stock has dropped 13% over the past 12 months. The branded foods seller is operating in
Foxconn Technology reports a 22% surge in Q4 2025 revenue
Foxconn Technology Group, a key supplier for Apple Inc. (AAPL), announced financial results for the fourth quarter of fiscal 2025. Hon Hai Precision Industry Co., Foxconn's parent, said Q4 revenues increased
