Categories AlphaGraphs, Earnings, Technology
MSFT Earnings: Microsoft Q2 profit drops amid weak revenue growth
Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported a decline in net profit for the second quarter of 2023 when the software giant’s revenues increased by 2%.
The company said second-quarter revenues rose 2% from last year to $52.75 billion. However, net profit dropped to $16.43 billion or $2.20 per share in the December quarter from $18.77 billion or $2.48 per share in the comparable period of 2022.
Check this space to read management/analysts’ comments on Microsoft’s Q2 2023 earning
“The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform. We are committed to helping our customers use our platforms and tools to do more with less today and innovate for the future in the new era of AI,” said Microsoft’s CEO Satya Nadella.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
NFLX Earnings: Netflix Q1 2025 revenue and profit beat estimates
Netflix, Inc. (NASDAQ: NFLX) on Thursday reported stronger-than-expected revenue and earnings for the first quarter of 2025, as its subscriber base continued to expand. Both revenue and the bottom line
Another tough quarter in the cards as Intel prepares for Q1 2025 earnings
Intel Corporation (NASDAQ: INTC) has been facing intense competition from rivals Nvidia in AI chips and AMD in CPUs, lately. The Semiconductor giant issued weak guidance after reporting lower revenues
What to expect when American Airlines (AAL) reports Q1 2025 earnings results
Shares of American Airlines Group (NASDAQ: AAL) stayed red on Thursday. The stock has dropped 48% over the past three months. The airline is slated to report its earnings results