Microsoft has released data on its financial results for the last fiscal quarter, which exceeded analysts’ preliminary expectations.
The mentioned tech giant’s total revenue for the three-month period that ended March 31 was $61.86 billion. This indicator increased by 17% year-on-year. It is worth noting that LSEG analysts predicted that the total revenue of the technology giant for the mentioned period would amount to $ 60.80 billion.
Microsoft’s net income for the fiscal quarter ended March 31 was fixed at $21.94 billion. A year earlier, this figure was equal to $18.3 billion. The tech giant’s net income for the last fiscal quarter, per share, was $2.94. LSEG analysts predicted that this figure would be fixed at $2.45.
Microsoft CFO Amy Hood expects the tech giant’s revenue for the current fiscal quarter to be $64 billion. The LSEG forecast provided that this figure would be equal to $64.5 billion. Amy Hood also expects Microsoft’s operating margin to be 42.4% in the current fiscal quarter. StreetAccount’s forecast predicted that this figure would reach 41.5%.
Amy Hood said that currently the near-term demand for artificial intelligence slightly exceeds the available capacity of Microsoft. She also stated that the tech giant is increasing the capital expenditures to secure Nvidia graphics processing units, which are necessary for training and running AI models.
In the last fiscal quarter, Microsoft’s intelligent cloud segment, which includes Azure, Windows Server, Nuance, and GitHub, generated revenue of $26.71 billion. This indicator increased by 31% year-on-year. StreetAccount predicted that the technology giant would generate revenue of $26.26 billion in the mentioned line of business for the fiscal quarter ended March 31.
As we have reported earlier, Microsoft Invests $1.5 Billion in AI Company G42.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
