Microsoft Reports Strong Q4 2023 Earnings, Returns Billions to Shareholders
Key Results
- Earnings per share: $2.81, beating expectations of $2.47
- Revenue: $143 billion, up 13% year-over-year
- Net income: $21.9 billion, a 33% increase
- Returned $12.4 billion to shareholders through share repurchases and dividends
Driven by Cloud and Productivity
Microsoft's strong performance was largely driven by growth in its cloud computing and productivity businesses. Azure cloud revenue grew by 41% year-over-year, while Office 365 subscriptions saw a 21% increase.
Positive Outlook
The company expressed optimism for the future, noting that it expects continued demand for its products and services. Microsoft expects to generate revenue of $53.5 billion to $54.5 billion in the current quarter, with earnings per share in the range of $3.62 to $3.82.
Impact on Investors
Microsoft's strong earnings report has been well-received by investors. The company's stock price rose by 5% in after-hours trading. Analysts believe that Microsoft's continued growth potential and commitment to shareholder returns make it a solid investment.
Conclusion
Microsoft's Q4 2023 earnings report demonstrates the company's continued strength in the tech industry. Its focus on cloud computing and productivity, combined with its commitment to shareholder value, positions Microsoft well for continued success in the future.
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