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%.

Microsoft Q2 2023 earnings infographic

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

  • Microsoft Q1 2023 earnings infographic
  • Microsoft Q4 2022 earnings infographic
  • Microsoft Q3 2022 earnings infographic
  • Microsoft Q2 2022 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Infographic: How UnitedHealth Group (UNH) performed in Q2 2024

UnitedHealth Group (NYSE: UNH) reported second quarter 2024 earnings results today. Revenues increased to $98.9 billion from $92.9 billion a year ago. Net earnings attributable to UnitedHealth Group common shareholders

SCHW Earnings: Highlights of Charles Schwab Corporation’s Q2 2024 results

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported a decrease in adjusted earnings and a modest increase in revenues for the second quarter of 2024. Total

BAC Earnings: Key quarterly highlights from Bank of America’s Q2 2024 financial results

Bank of America (NYSE: BAC) reported its second quarter 2024 earnings results today. Revenue, net of interest expense, of $25.4 billion increased 1% from the prior-year period, reflecting higher asset

Add Comment
Viewing Highlight