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Microsoft (MSFT earnings Q2 2023

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Microsoft The shares rose by as high as 5% in extended trading but lost most of the gains when the software maker released lower quarterly revenue guidance that analysts had anticipated.

Here’s What the company did:

  • Earnings: $2.32 per share adjusted versus $2.29 per shared as expected by analysts Refinitiv.
  • Revenue: Analysts expected $52.75 Billion, but $52.94 Billion as reported by Bloomberg. Refinitiv.

Microsoft’s The quarter ended with a 2% increase in total revenue Dec. 31, which is the slowest rate of change since 2016, according to a Statement. Net Income fell to $16.43 trillion from $18.77billion in the previous quarter. The The company paid $1.2 billion to cover its decision to sell. cut 10,000 jobsRestructure its hardware line-up and consolidate leases. The Included in the charge are $800,000,000 in employee severance expenses.

Microsoft Analysts polled by Refinitiv Had expected $52.43 trillion.

Business Increased in DecemberIncluded in the growth of consumption Azure cloud services, Amy Hood, Microsoft’s Financial chief, spoke to analysts on a conference phone call. During The month’s growth in new businesses was less than the management anticipated. Microsoft Subscribe to 365 productivity software Windows Commercial Products Enterprise Mobility And Security offerIngs, Hood said.

Revenue in Microsoft’s Intelligent Cloud Segment reached $21.51 trillion, an increase of 18% and slightly more than the $21.44 million consensus among StreetAccount analysts. The The unit includes Azure Public cloud Windows ServerSQL Server, Nuance And Enterprise Services. Revenue From Azure These and other cloud services Microsoft Does not report in dollars, grew slightly by 31%, slightly higher than the estimate of just below 31% that StreetAccount and CNBC polled had anticipated. In The previous quarter saw 35% growth in this category. Amazon After-hours trading saw shares rise as high as 3% immediately after the announcement. Microsoft’s announcement. Hood She said that she anticipates Azure Cloud growth will slow again during the fiscal third quarter.

The Productivity And Business Processes segment, containing Microsoft 365 (formerly known by Office 365) LinkedIn And Dynamics, generated $17 Billion in revenue, an increase of 7% over the StreetAccount consensus estimate of $16.79B. The Teams CEO: Communication app now has over 285 million monthly active users. Satya Nadella During the conference call.

The More Personal Computing segment featuring Windows, Xbox, Surface Search advertising was responsible for $14.24 trillion in revenue, a decline of 19% Sales Of Windows Licenses for device manufacturers declined by 39% over the past year, a slowdown from a 15% decline in fiscal quarter 1. Technology Industry researcher Gartner Estimate The fourth quarter 2022 was the slowest period for PC business growth since mid-90s, when it began to track the market.

Hood According to its Surface The execution problems faced by the group during the quarter were addressed by the company, which also introduced the Surface Pro 9.

Nadella Microsoft Over $20 billion in security revenue was collected in 2022, an increase of 33% over 2021 when it was only about 45%.

Microsoft’s The mega-cap tech companies that are part of the report launch earnings season Nasdaq It is coming off its worst 2008 year and its first four-quarter slump after the dot-com crash. Along With Microsoft’s layoffs, Amazon, Alphabet And Meta After they had a great time hiring, all three organizations announced recent job cuts. Covid Tech pandemic and extended bull markets Meta Reports results are scheduled for next WednesdayThen, a day later, by Alphabet, Amazon And Apple.

The Decision to reduce headcount Microsoft “shows a commitment to margin defense despite top-line shakiness,” Analysts Raymond James Note to clients Monday. They We recommend purchasing Microsoft shares.

In The quarter, the U.S. Federal Trade Commission sued Microsoft Stop its $69 billion acquisition of a game publisher Activision BlizzardWhile the U.S. Defense Department Recipient Microsoft A cloud contract valued at up to $9B combined with three other companies. “We are continuing to engage with regulators reviewing the transaction and are working toward closing it in fiscal year 2023, subject to obtaining required regulatory approvals and satisfaction of other customary closing conditions,” Microsoft This was said in a File.

Excluding After-hours Move Microsoft stock is flat so far this year, while the S&P 500 stock index is up 4%.

Executives On a conference call, the company will share its quarterly results with analysts. It will also issue guidance. Tuesday Starting at 5:30 p.m. ET.

This Breaking news Please Keep checking back for more updates.

Correction: This This story has been updated. Microsoft’s Conference call with analysts will begin Tuesday At 5:30 p.m. ET. Previous versions gave incorrect times.

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Longer term, Microsoft has a massive secular growth story, says Oppenheimer's Horan

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