Sina science and technology news Beijing time on January 25 morning news, it is reported that Microsoft Corporation released today as of December 31, 2022, the second quarter of the 2023 fiscal year financial results. Microsoft reported revenue of $52.7 billion in the second quarter, up 2 percent from a year earlier. Net income was $16.4bn, down 12 per cent from a year earlier. On a non-GAAP basis, net income was $17.4bn, down 7 per cent from a year earlier.
Second Quarter Results:
Revenue was $52.7 billion, up 2 percent from $51.7 billion a year earlier.
Of this, the Productivity and Business process segment (PBP) generated $17 billion in revenue, up 7 percent from a year ago. Excluding currency effects, it was up 13 per cent. The business of the department includes:
· Office Business products and Cloud Services revenue grew 7% year over year. Excluding the impact of exchange rates, growth was 14 per cent.
· Office consumer products and cloud services revenue fell 2% year over year. Excluding currency effects, it was up 3 per cent year on year
· LinkedIn's revenue grew 10% year-over-year. Excluding the impact of exchange rates, growth was 14 per cent
· Dynamic's product and cloud services revenue grew 13% year-over-year. Excluding currency effects, it was up 20 per cent year on year.
Revenue from the Intelligent Cloud unit was $21.5bn, up 18 per cent from a year earlier. Excluding currency effects, it was up 24 per cent year on year. The business of the department includes:
· Server products and cloud services revenue grew 20% year over year. Excluding currency effects, it was up 26 per cent.
Revenue from the More Personal Computing (MPC) division was $14.2 billion, down 19 percent from a year earlier. Excluding currency effects, it was down 16 per cent year on year. The business of the department includes:
· Windows OEM revenue was down 39% year-over-year.
· Windows Business products and cloud services revenue fell 3% year over year. Excluding currency effects, it was up 3 per cent year on year.
· Xbox content and services revenue was down 12% year-over-year. Excluding currency effects, it was down 8 per cent year-on-year.
· Search and news advertising revenue (excluding traffic acquisition costs) grew 10% year-over-year. Excluding currency effects, it was up 15 per cent from a year earlier.
· Equipment revenue was down 39% year-over-year. Excluding currency effects, it was down 34 per cent from a year earlier.
Other financial information:
Total cost of revenue was $17.488 billion, compared with $16.960 billion in the same period last year.
Gross profit was $35.259 billion, compared with $34.768 billion in the same period last year.
Research and development expenditures were $6,844 million compared to $5,758 million in the same period last year; Sales and marketing expenses were $5,679 million, compared to $5,779 million in the same period last year; General and administrative expenditures amounted to $2.337 billion, compared to $1.384 billion in the same period last year.
Operating profit was $20.399 billion, down 8% from $22.247 billion in the same period last year. Excluding US GAAP, it was down 3% from a year earlier.
Net income was $16.425 billion, down 12 percent from $18.765 billion a year earlier. Excluding GAAP, net income was $17.4bn, down 7 per cent from a year earlier.
Diluted earnings per share were $2.20, down 11% from a year earlier. On a non-GAAP basis, earnings per diluted share were $2.32, down 6 per cent from a year earlier.
In the second quarter, Microsoft returned $9.7 billion in cash to shareholders through stock buybacks and dividends, down 11 percent from a year earlier.
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