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

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

Microsoft revenue increased in every division

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 in the quarter. Meanwhile, the Xbox division saw a sharp 61% increase in revenue, largely due to the Activision Blizzard acquisition, 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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