Microsoft achieved revenue of $62 billion in the fourth quarter of 2023.

According to Neowin , net income in the fourth quarter reached $21.9 billion, while Microsoft's earnings per share were $2.93. These figures far exceeded the estimates of financial analysts.

Microsoft's revenue increased across all divisions.

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Microsoft Cloud revenue accounted for just over half of the company's total revenue last quarter at $33.7 billion, up from $27.1 billion a year earlier. The company also reported that Microsoft 365 Consumer subscriptions reached $78.4 million, up from $63.2 million in the same period last year.

The company's Productivity & Business Processes division generated $19.2 billion in revenue during the quarter, a 13% increase year-over-year. Its Intelligent Cloud division achieved $25.9 billion in revenue, a 20% increase over the same period last year.

The More Personal Computing division, which includes the Windows, devices, and Xbox divisions, generated $16.9 billion in revenue during the quarter. Meanwhile, the Xbox division saw a sharp 61% increase in revenue, primarily driven by the acquisition of Activision Blizzard, which concluded in October 2023.

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