Microsoft’s second quarter fiscal year 2023 revenue of $52.7 billion non-GAAP net profit of $17.4 billion

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Sina Technology News Beijing time on the morning of January 25th, according to reports, Microsoft today released its financial report for the second quarter of fiscal year 2023 ending December 31, 2022. The financial report shows that Microsoft’s second-quarter revenue was US$52.7 billion, a year-on-year increase of 2%. Net profit was US$16.4 billion, down 12% year-on-year. Non-GAAP net profit was US$17.4 billion, down 7% year-on-year.

Second quarter results:

Revenue was $52.7 billion, up 2% from $51.7 billion a year earlier.

Among them, the productivity and business process segment (PBP) revenue was 17 billion US dollars, an increase of 7% year-on-year. If the exchange rate effect is excluded, it will increase by 13% year-on-year. The business of this department includes:

· Office commercial products and cloud services revenue increased 7% year-over-year. If the exchange rate effect is excluded, it will increase by 14% year-on-year.

· Office consumer products and cloud services revenue fell 2% year-over-year. If the exchange rate effect is excluded, it will increase by 3% year-on-year

· LinkedIn revenue increased 10% year-over-year. If the exchange rate effect is excluded, it will increase by 14% year-on-year

· Dynamic products and cloud services revenue increased by 13% year-over-year. If the exchange rate effect is excluded, it will increase by 20% year-on-year.

Intelligent Cloud (Intelligent Cloud) segment revenue was $21.5 billion, an increase of 18% year-over-year. If the exchange rate effect is excluded, it will increase by 24% year-on-year. The business of this department includes:

· Revenue from server products and cloud services increased by 20% year-on-year. If the exchange rate effect is excluded, it will increase by 26% year-on-year.

Revenue in the More Personal Computing (MPC) segment was $14.2 billion, down 19% year-over-year. If the exchange rate effect is excluded, it will be down 16% year-on-year. The business of this department includes:

· Windows OEM revenue fell 39% year-over-year.

· Windows commercial products and cloud services revenue fell 3% year-over-year. If the exchange rate effect is excluded, it will increase by 3% year-on-year.

· Xbox content and services revenue fell 12% year-over-year. If the impact of exchange rate is excluded, it will decline by 8% year-on-year.

· Search and news advertising revenue (excluding traffic acquisition costs) revenue increased by 10% year-over-year. If the exchange rate effect is excluded, it will increase by 15% year-on-year.

· Equipment revenue fell 39% year-over-year. If the exchange rate effect is excluded, it will be down 34% year-on-year.

Additional financial information:

Total cost of revenue was $17.488 billion, compared to $16.960 billion in the same period last year.

Gross profit was $35.259 billion, compared to $34.768 billion a year earlier.

Research and development expenses were US$6.844 billion, compared with US$5.758 billion in the same period last year; sales and marketing expenses were US$5.679 billion, compared with US$5.379 billion in the same period last year; general and administrative expenses were US$2.337 billion, compared with US$1.384 billion in the same period last year.

Operating profit was US$20.399 billion, down 8% from US$22.247 billion in the same period last year. Not in accordance with US GAAP, down 3% year-on-year.

Net profit was US$16.425 billion, down 12% from US$18.765 billion in the same period last year. Not in accordance with US GAAP, net profit was US$17.4 billion, down 7% year-on-year.

Diluted earnings per share were $2.20, down 11% year-over-year. Non-GAAP diluted earnings per share were $2.32, down 6% year-on-year.

In the second quarter, Microsoft returned $9.7 billion in cash to shareholders through stock repurchases and dividends, down 11% year-over-year.

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