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
Key highlights from Abbott Laboratories (ABT) Q1 2024 earnings results
Abbott Laboratories (NYSE: ABT) reported its first quarter 2024 earnings results today. Total sales increased 2.2% year-over-year to $10 billion. Organic sales growth was 10.8%. Net earnings decreased 7% to $1.22
US Bancorp (USB) Q1 2024 Earnings: Key financials and quarterly highlights
US Bancorp (NYSE: USB) reported its first quarter 2024 earnings results today. Total net revenue decreased 6.4% year-over-year to $6.7 billion. Net income applicable to US Bancorp common shareholders decreased
UAL Earnings: United Airlines Q1 loss narrows on higher revenues; results beat
United Airlines Holdings, Inc. (NYSE: UAL) reported a narrower net loss for the first quarter of 2024, on an adjusted basis. The bottom line benefitted from an increase in revenues.