Microsoft to reach $62 billion in revenue in Q4/2023

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 revenue increases across all divisions

Microsoft Cloud revenue accounted for just over half of the company's revenue last quarter at $33.7 billion, up from $27.1 billion a year ago. The company also said that Microsoft 365 Consumer subscribers grew to 78.4 million, up from $63.2 million in the same period a year ago.

The company’s Productivity & Business Processes division generated $19.2 billion in revenue in the quarter, up 13% from the same period a year ago. Its Intelligent Cloud division generated $25.9 billion in revenue, up 20% from a year ago.

The More Personal Computing division, which includes the Windows, Devices, and Xbox divisions, earned $16.9 billion in revenue during the quarter. Meanwhile, the Xbox division saw a sharp 61% increase in revenue, largely due to the acquisition of Activision Blizzard, which closes in October 2023.

Overall Windows revenue increased 9%, with Windows OEM revenue increasing 11% while Windows commercial products and cloud services revenue increased 9% year over year.

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