Windows sales fell in the previous quarter, but cloud services helped Microsoft increase its revenue

Windows sales fell in the previous quarter, but cloud services helped Microsoft increase its revenue ...

Microsoft has released financial statements for the second quarter of fiscal year 2023, which ended on December 31, indicating that the company has demonstrated good performance in the highly competitive cloud services market. Last quarter, revenue was up 2% year over year, but net profit was up just $16.4 billion, that is, down 12%.

According to experts, Microsoft's cloud business has helped relieve investors' fears about a decrease in revenue due to customer spending cuts. Moreover, the company's cloud revenues have partially offset the decline in the PC-related business segment.

Microsoft CEO Satya Nadella said it's too early to separate earnings reports for the AI segment from statistics for the cloud business as a whole.

Azure cloud product revenues increased by by 31% in the second quarter, compared to the same time in 2018. Amazon Web Services (AWS) accounted for a significant share of the cloud computing market in the same period.

Microsoft's PC-related sales, including operating systems, devices, and search, fell by 19% to $14.2 billion as the PC market continued to decline during the reporting period. In particular, OEM sales of Windows fell by 39%, and sales of devices fell by the same amount.

Microsoft's stock price rose by 4% after the results were released, but later fell somewhat to $239.58 following the close of trading. In the last 12 months, the stock price of the company as a whole has decreased by 18%.

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