Shulou(Shulou.com)11/24 Report--

On April 26, Beijing time, Microsoft (NASDAQ:MSFT) today released its results for the third quarter of fiscal year 2023, which ended on March 31. According to the results, according to GAAP, Microsoft's total revenue in the third quarter was $52.857 billion, up 7% from $49.36 billion in the same period last year and 10% at a fixed exchange rate. Net profit was $18.299 billion, up 9% from $16.728 billion in the same period last year, and 14% at a fixed exchange rate.

Microsoft's third-quarter revenue and earnings per share both beat analysts' consensus expectations, pushing its shares up more than 5% in after-hours trading.

Stock price performance:

Microsoft shares rose 5.37% in after-hours trading. Microsoft opened at $179.51 on the Nasdaq on Tuesday. Microsoft shares fell $6.35, or 2.25%, to $275.42 as of Tuesday's close. Microsoft shares rose $14.78, or 5.37%, to $290.20 in after-hours trading as of 17:47 et on Tuesday (5:47 on Wednesday, Beijing time). Over the past 52 weeks, Microsoft shares have peaked at $294.18 and as low as $213.43.

Third quarter results highlights:-- Total revenue was $52.857 billion, up 7% from $49.36 billion in the same period last year, and 10% at a fixed exchange rate

-- operating profit was $22.352 billion, up 10% from $20.364 billion in the same period last year, and 15% at a fixed exchange rate.

-- net profit was US $18.299 billion, up 9% from US $16.728 billion in the same period last year, and 14% at fixed exchange rates.

-- diluted earnings per share were $2.45, up 10% from $2.22 in the same period last year, and 14% at a fixed exchange rate.

Departmental results:-- Productivity and business process revenue for the third quarter was $17.516 billion, up 11% from $15.789 billion in the same period last year and 15% at fixed exchange rates.

-- the revenue of the smart cloud division in the third quarter was $22.081 billion, up 16% from $18.987 billion in the same period last year and 19% at a fixed exchange rate.

More personal computing units had revenue of $13.26 billion in the third quarter, down 9 per cent from $14.584 billion in the same period last year and 7 per cent at a fixed exchange rate.

Executive comments: Microsoft CEO Satyanadra (Satya Nadella) said: "the world's most advanced artificial intelligence model will be combined with the world's most common user interface-natural language-to create a new era of computing. On Microsoft's cloud platform, we are the preferred platform to help customers get the maximum value from digital spending and innovate for the next generation of artificial intelligence."

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