Strong Growth Across All Segments, AI Takes Center Stage

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Strong Growth Across All Segments, AI Takes Center Stage

Revenue: $61.9 billion, up 17% year-over-year, exceeding analyst estimates of $60.804 billion.

$2.94, surpassing analyst expectations of $2.82.

This marks the fifth consecutive quarter where Microsoft has exceeded analyst estimates on both revenue and earnings.

Productivity and Business Processes: $19.6 billion, up 12% year-over-year.

$26.7 billion, up 21% year-over-year.

$15.6 billion, up 17% year-over-year, driven by a 62% increase in Xbox content and services revenue.

Microsoft emphasizes the role of Copilot and Copilot stack in driving AI transformation across industries and roles.

$8.4 billion returned to shareholders through share repurchases and dividends.

No official outlook provided in the earnings release, but forward guidance will be discussed during the conference call scheduled for 5:30 p.m. ET.

Microsoft shares rose 6.01% after hours to $421.96.

This information is based on Microsoft's Q3 earnings report released on November 2, 2023.

The article also mentions that AI is performing well for Microsoft, but cybersecurity is not.