Microsoft (MSFT) earnings Q2 2023


Microsoft beats on earnings with strong growth from Azure cloud unit

Microsoft shares rose as much as 5% in extended trading on Tuesday after the company reported fiscal second quarter earnings that topped analysts’ estimates.

Here’s how the company did:

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  • Earnings: $2.32 per share, adjusted, vs. $2.29 per share as expected by analysts, according to Refinitiv.
  • Revenue: $52.75 billion, vs. $52.94 billion as expected by analysts, according to Refinitiv.

Microsoft’s total revenue increased by 2% year over year in the quarter ending Dec. 31, the slowest rate since 2016, according to a statement. Net income fell to $16.43 billion from $18.77 billion in the year-ago quarter. The company took a $1.2 billion charge in the quarter in connection…

Source cnbc.com

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