Microsoft (NASDAQ: MSFT) announced its 2023 Q3 financial results on April 25, 2023. According to the announcement, revenue was up 7% (YoY, 3 months). In addition, operating income and net income were up 10% and 9%, respectively.
When looking at segment revenue, Intelligent Cloud recorded the highest growth of up 16%(YoY, 3 months). It was followed by Productivity and Business Processes of up 11%. On the other hand, More Personal Computing was down 7%.
As for individual product and service revenue, Azure and other cloud services showed the highest growth of up 27% (YoY, 3 months). In addition, Dynamics 365 was up 25%. On the other hand, Devices recorded the largest decrease of down 30%. It was followed by Windows OEM of down 28%.
When reviewing cash flow statements, net cash from operation was down 9% (YoY, 9 months). Free cash flow was up 3%.
Microsoft’s AI and cloud-related services are showing extremely strong performance. Moreover, the company’s investment in OpenAI would also have a positive impact on the company’s future business.
Watanabe & Brothers’ Investment will continue to invest in Microsoft from a long term perspective.
Microsoft Corporation (NASDAQ: MSFT) Stock Chart
- Watanabe & Brothers’ Investment is holding shares of Microsoft Corporation.
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