Microsoft announced late on Tuesday the economic results of the first quarter of its fiscal year 2023, which corresponds to the months of July, August and September of this year 2022.
The American company has many reasons to be happy: despite the instability of the markets, it has been able to enter 11% more than the same period last year : 50,100 million dollars, which is equivalent to 50,234 million euros per year. current change.
Similarly, the technology giant had an operating profit 6% higher than last year, reaching 21,553 million euros, as reported by Microsoft in a statement.
Other data is not as positive as Microsoft’s net profit in this last quarter, which fell by 8% compared to the data of the previous year and stood at 17,637 million euros. It also reported 11% less money to shareholders in the form of dividends.
Despite these latest data, how can this growth be explained in a context in which other large technology companies have been having difficulties in recent months and technology sales have plummeted ? For its offer of cloud services for companies , with unbridled growth.
“In this environment, we are focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way,” said Microsoft CEO Satya Nadella.
Microsoft Cloud grew in revenue during the third calendar quarter of 2022 well ahead of the rest of the company’s products, 24%. Only for this cloud services unit, the American giant invoiced half of its income: 25,760 million euros.
Microsoft has divided its revenue into 3 parts: enterprise solutions, intelligent cloud, and personal computing.
The intelligent cloud is the pillar of Microsoft’s business that currently gives it the most revenue, with 20,345 million euros and a growth of 20%, which reaches up to 22% for its servers and 35% in the case of Azure and other cloud services within its umbrella.
Microsoft business services have also grown across the board between July and September, with an average of 9% and 16,532 million euros. Particularly noteworthy are products such as the professional social network LinkedIn, whose revenues grew by 17% , and Dynamics 365, by 24%.
It only loses revenue in its personal computing division due to falling sales of Windows PCs
Where Microsoft cannot celebrate a higher billing is in its personal computing unit, which made it enter 3% less than a year ago –13,322 million euros.
Within this unit, the drop in income that Microsoft obtains from manufacturers of computers with the Windows system stands out , which fell by 15% due to the drop in PC sales. However, revenue from its own Surface device unit rose 2%.
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Another of its products that does not improve either is its Xbox video game division, whose turnover fell by 3% , including both content creation and services.
Despite this, the growth of other sections such as commercial Windows products (+8%) and revenue from searches and advertising (+16%) help to ensure that the fall in this division is not so pronounced in the end.