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
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5