Microsoft (MSFT) results for Q4 2022 (FY23 Q2) released on 24th Jan 2023. MSFT stock jumped ~5% initially after results release but reversed down ~3% after management offered weak guidance on the conference call. On the bright side, MSFT managed to end the week up ~3% helped along by a rally in the broader market.
Table of Contents
Results summary
- Revenue $52.7B, +2% yoy
- Operating income $20.4B, -8% yoy (GAAP) and $21.6B, -3% yoy (non-GAAP)
- Net income $16.4B, -12% yoy (GAAP) and $17.4B, -7% yoy (non-GAAP)
- Diluted EPS $2.20, -11% yoy (GAAP) and $2.32, -6% yoy (non-GAAP)
Source: Microsoft.com
Business segments
- Productivity and Business Processes – Office/Microsoft/Dynamics 365, LinkedIn – revenue $17B, +7% yoy (+13% CC)
- Intelligent Cloud – Azure – revenue $21.5B, +18% yoy (+24% CC)
- More Personal Computing – Windows OEM, Windows Commercial, Gaming (Xbox), Search and news ads, Devices – revenue $14.2B, -19% yoy (-16% CC)
Note: CC = constant currency
Key highlights
- Forex effects negative (reporting in constant currency) impact up to 7%
- Microsoft Cloud revenue $27.1B, +22% yoy (+29% CC); Azure +31% yoy (+38% CC)
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