Microsoft Q4 FY23 Earnings Highlights
[Rewards] Microsoft shines in fourth-quarter earnings, driven by solid growth in the cloud.
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KEY Figures:
● Revenue was $56.2 billion and increased 8% YoY (year-on-year), vs. $55.5 billion as expected by Refinitiv. Specifically, revenue in Intelligent Cloud was $24.0 billion and increased 15% YoY.
● Net income was $20.1 billion with an increase of 20%, and the diluted earnings per share was $2.69.
● Office Consumer products and cloud services revenue increased 3% and Microsoft 365 Consumer subscribers grew to 67.0 million.
● For the Q1 FY24 Outlook, Intelligent Cloud revenue is expected to be between $23.3 and $23.6 billion.
● For the Q1 FY24 Outlook, the estimated COGS is from $16.6 to $16.8 billion and the operating expenses are from $13.5 to $13.6 billion.
● For the FY24 Full Year Outlook, the operating margins are expected to remain flat year-over-year.
More statistics: Intelligent Cloud overview in $ billiions
*Includes non-GAAP constant currency ("CC") growth.
KEY Points:
● "We remain focused on leading the new AI platform shift, helping customers use the Microsoft Cloud to get the most value out of their digital spend, and driving operating leverage," said Satya Nadella, CEO of Microsoft.
● Intelligent Cloud revenue increased, driven mainly by Azure and other cloud services. Productivity and Business Processes revenue increased, driven primarily by Office 365 Commercial.
● For the first time since 2016, Microsoft's research and development costs declined YoY.
● With high expectations surrounding AI initiatives, the company is currently traded at 35 P/E multiples, suggesting potential volatilities ahead.
● The company's FY24 guidance missed wall street's expectations, causing concerns among investors.
The KEY in your hands:
By July 30, 2022, MSFT shares had risen more than 39.5% since the beginning of 2023, outpacing the S&P 500 (.SPX), which was up about 19.3% during the same period (Source: moomoo APP).
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Comments above are made available for informational purposes only. Before investing, please consult a licensed professional. *Source of data: https://news.moomoo.com/notice/149417428# This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Before investing, please consult a licensed professional. See this link for more information.
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Srikanth Reddy : AI is the next stage of Microsoft
727727727 : Business needs to adjust... there is still obvious lag remaining in the covid pivot and the hulks of big businesses (msft, ibm, Oracle, etc) are primed and ready for several blowout quarter once economies ramp back to full potential. Probably not this quarter, but 2023 ends with a huge bang! Hold for now... but I'm definitely long on $Microsoft (MSFT.US)$ . At least they've got a meaningful consumer business to back themselves up... plus, you know, $Activision Blizzard (ATVI.US)$ :)
Roll2me : Microsoft definitely is a solid company that keep pushing. Can you imagine world without Microsoft? I don’t.
I love Apple products for personal use but Apple out of touch with business/corporate world.
Investing however, is a different game. It’s more on market sentiment if you are trader and for buy at good price for long term. At current 326, it’s too high for me. I believe 300 is a fair price and 280 is really good value buy
MultiBaggers : Microsoft is one of the best stocks that you can buy and hold. The free cash flow generated by Microsoft is just phenomenal
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Nwamaka Chiomaadigwe : I feel Alphabet is a good stock to own. I bought two last year and then I later got a twenty for one after the stock split which I feel was a good thing. so for now I have 40 stocks on Alphabet. I see a future growth in both Alphabet and Microsoft.