Microsoft Cloud Strength Drives Second Quarter Results
Microsoft News, Tuesday, January 30th, 2024
Microsoft Corp. announced the following results for the quarter ended December 31, 2023, as compared to the corresponding period of last fiscal year
Revenue was $62.0 billion and increased 18% (up 16% in constant currency)
Operating income was $27.0 billion and increased 33%, and increased 25% non-GAAP (up 23% in constant currency)
Net income was $21.9 billion and increased 33%, and increased 26% non-GAAP (up 23% in constant currency)
Diluted earnings per share was $2.93 and increased 33%, and increased 26% non-GAAP (up 23% in constant currency)
Microsoft completed the acquisition of Activision Blizzard, Inc. ('Activision') on October 13, 2023. Financial results from the acquired business are reported in the More Personal Computing segment.
'We've moved from talking about AI to applying AI at scale,' said Satya Nadella, chairman and chief executive officer of Microsoft. 'By infusing AI across every layer of our tech stack, we're winning new customers and helping drive new benefits and productivity gains across every sector.'