Intelligent Cloud showed Superior Business Performance in Microsoft’s 2023 Q3 Results

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

Important Notice 

  1. Watanabe & Brothers’ Investment is holding shares of Microsoft Corporation.
  2. This report is provided solely for informational purpose and not intended for the purpose of soliciting investment in, or as a recommendation to purchase or sell any specific products. 
  3. Any opinions or statements expressed in this report are based on the author’s personal and subjective views, and are not the official views of the organization to which the author belongs.  In addition, although we have done our best efforts in making accurate assessments on the original financial statements, we cannot guarantee any complete accuracy of this report. We do not guarantee either that any future forecasts referred to in this report will certainly be realized. Investment in listed stocks, ETFs, etc. should be carried out under the responsibility of each investor, and even if the investor who read this report suffers a loss due to investment activities, Watanabe & Brothers’  Investment is not responsible for any liability.
  4. This report was originally prepared in English, and translated into the other languages with plugin utilizing Google Translation API. We hereby notify that the translations are provided only for the sake of reference, and any opinions or statements in this report should be interpreted in original English. We ask any investors reading this report to refer to the original financial statements issued by the company.
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