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.