Categories AlphaGraphs, Earnings, Technology
MSFT Earnings: Microsoft Q3 2023 profit rises on higher revenues
Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported an increase in net profit for the third quarter of 2023 when the software giant’s revenues grew by 7%.
The company said third-quarter revenues rose 7% from last year to $52.9 billion. Net profit moved up to $18.3 billion or $2.45 per share in the March quarter from $16.7 billion or $2.22 per share in the comparable period of 2022.
“The world’s most advanced AI models are coming together with the world’s most universal user interface – natural language – to create a new era of computing,” said Microsoft’s CEO Satya Nadella.
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Costco (COST) Q3 2023 earnings drop on weak sales growth
Costco Wholesale Corporation (NASDAQ: COST) on Thursday reported a 2% increase in third-quarter 2023 revenues. However, the warehouse behemoth's earnings declined. Third-quarter revenue increased 1.9% to $53.6 billion from $52.6 billion
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