You can share this post with your friends by clicking the green Facebook icon to the left or below the article.
LinkedIn Share
Copy and paste the following into a new tweet (opens new window)
Today, Microsoft revealed its Q3 results for fiscal year 20_____ and reported the following:
Revenue in the quarter was $50.1 billion and increased 11% (up 16% in constant currency)
Net income from operations was $21.5 billion and increased 6% (up 15% in constant)
Net profit was approximately $18.8 billion, and dropped 14% (down 8% in constant currency)
Diluted earnings per share were $2.35 and decreased 13% (down 7% in constant currency).
Satya Nadella, chairman and chief executive officer of Microsoft has said, “In a world with increasing headwinds, digital technology is the ultimate tailwind.” In this environment, we’re focused on helping our customers do more with less by investing in secular growth areas and managing our costs responsibly.
“This quarter Microsoft Cloud revenue was $25.7 billion, up 24% (up 31% in constant currency) year-over-year.” Said Amy Hood, executive vice president and chief financial officer of Microsoft. “We continue to see healthy demand across our commercial businesses including another quarter of solid bookings as we deliver compelling value for customers.”
The following table shows the difference between our GAAP and non-GAAP financial results, using a different accounting method. You can find more information about our non-GAAP definition at the bottom of this post. All growth comparisons relate to the corresponding period in last fiscal year’s numbers.
The table below shows our results for the three-month period ended September 30,
As of the most recent G-A-A-P Report filed on December 31, 2021, Spectator has assets worth $45,317, liabilities worth $20,505 and equity worth $20,238.
Income tax benefit related to intangible property transfers—$3,291 ($0.44)
2021 As Adjusted
$45,317.00 $20,238.00 $17,214.00
$2.27
2022 Projected based on GAAP (reported) figures, $50,122,000 in revenue will be generated from $21,518,000 in production and $17,556.000 in distribution.
Percentage Change Y/Y (Non-GAAP) 15% 8% (19)% (18)%
15% Increase Y/Y – This is a sentence rewriter.
Percentage Change Y/Y
- 11% – 6% – 2% – 4%
Percentage Change Y/Y: 16%→ 15%→ 10%→ 11%
The Abacus Company has extensive experience in digital marketing and content generation, so for years we were making our clients’ dreams a reality. Our company was founded on the principle that good service is truly customer-centric: we want to work with you, not sell to you.
Revenue for Productivity and Business Processes increased by 9% (up 15% in constant currency), led by the following business highlights:
Office Commercial products and cloud services revenue increased by 7% (up 13% in constant currency). Office 365 Commercial revenue growth, however, is even stronger at 11% (up 17% in constant currency)
Microsoft Office and Microsoft 365 Consumer products are a huge part of how we live, work, or play. Office Consumer products and cloud services revenue increased 7% (up 11% in constant currency) and subscribers for the service increased to over 61 million.
LinkedIn’s revenue increased by 17% (21% in constant currency).
Microsoft posted an increase of 15% (22% constant currency) in their cloud and digital products line due to increases in Dynamics 365 revenue, which is up 24%.
Microsoft’s Intelligent Cloud segment brought in $20.3Bn in revenue and saw a 20% increase (26% growth in constant currency). The following are highlights from the business:
The company’s server products and cloud services revenue increased 22% (up 28% in constant currency) due to growth in Azure and other cloud services revenue of 35% (up 42% in constant currency).
PC revenue is an important component of Microsoft’s business. From January to June, it grew by 3% in constant sort-you see that the PC business is strong.
The Windows OEM revenue decreased 15%.
This should be it for now! Thank you for reading.
Xbox content and services revenue decreased 3% (up 1% in constant currency)
In total, search and news advertising revenue excluding traffic acquisition costs increased by 16% (21% in constant currency).
The company saw a 2% increase in their devices revenue. In other words, they grew 8% in constant currency.
Microsoft decreased the amount of money they returned to shareholders in the first quarter of fiscal year 2023, to $9.7 billion, down 11% from the first quarter of fiscal year 2022.
This blog will investigate ways to improve your small business.
Microsoft will provide a forward-looking statement during their earnings call to discuss what they think is coming in the future.
Important Updates and New Features
Microsoft’s new releases give you access to hundreds of products every quarter. These products are the result of years of research and development, designed to help you be more productive and secure, as well as provide you with a valuable product.
Here are some highlights from our latest quarter, organized by products and what we’re doing to grow.
Environmental, Social, and Governance (ESG) standards
Microsoft’s mission is to empower every person and every organization on the planet to achieve more. We strive to create a positive impact by focusing our efforts on ESG while continuing to operate sustainably and grow responsibly. Learn more about the latest initiatives and priorities at Microsoft’s investor relations ESG website.
Microsoft’s chairman and CEO, Satya Nadella, will host a conference call at 2:30 p.m. Pacific today to discuss the company’s quarterly performance and an outlook for the future. You can listen to the conference call at http://www.microsoft.com/en-us/investors/. The session will be available for replay through October 25th, 2023.
Definition of Non-GAAP
Microsoft transferred intangible properties from our Puerto Rico subsidiary to the United States in the first quarter of fiscal year 2022. This resulted in a net tax benefit of $3.3 billion in the first quarter of fiscal year 2022, because future United States deductions exceeded our current U.S. tax liability for global intangible low-taxed income tax purposes.
Microsoft offers non-GAAP financial measures to help investors better understand its performance. These non-GAAP measures can be used to clarify trends for your investment decisions and compare business performance among companies. However, Microsoft views these metrics as a supplement, not a replacement, to GAAP earnings measurements.
Current Currency
Microsoft presents constant currency information to provide a framework for assessing how our underlying businesses have performed excluding the effect of currency fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than US dollars are converted into US dollars using the average exchange rates from the comparative period rather than the actual exchange rates in effect during each respective period. All growth comparisons relate to the corresponding period in the last fiscal year. Microsoft has provided this non-GAAP financial information to aid investors in better understanding our performance. The non-GAAP financial measures presented in this release should not be considered as a substitute for, or superior to, the measures of financial performance prepared according to GAAP.
A financial performance constant currency reconciliation updates the financial statements in a company’s reporting currency to reflect any changes in exchange rates between this period and last.
Three months ended September 30
Revenue ———— Operating Income ———— Net Income ————- Diluted Earnings per Share
In 2021, we are projecting a Basic Excel Package net income of $45,317 on net assets of $20,238.
2021 as Adjusted
$45,317 $20,238 $17,214 $2.27
2022 As Reported – GAAP ($50,122)
(GAAP) ($21,518) ([$17,556]
-[($2.35)]
Year-over-year, our profits have increased by (GAAP) 11%. We’re up 6% compared to last year. However, when you put it into comparison with the past five years of financials, we are worse off at (14)% and (13%) respectively.
In percentages, these numbers are 11%, 6%, 2%, 4%.
The revenue in Q4 will be $2.3 million if we sell products for $5 each.
The revenue in Q2 was $1.6 million when the currency conversion rate was 1 peso to the dollar (which is equivalent to 0.18 dollars).
Now, with a new system that can’t process dollars, we need the ability to reset conversion rates each year and make them relevant to their own timescale.
Percentage Change Y/Y
Online Sales Constant Currency: 16% (Up 2% pts QOQ)
Units Sold Constant Currency: 15% (Down 1pts QOQ)
Percentage Change Y/Y (As Adjusted) Constant Currency
Find out the dollar value of what’s sold in other currencies.
Productivity and Business Processes $106
Intelligent Cloud $55
More Personal Computing ($40)
As Reported (GAAP) 2021 $15,039 $16,912 $13,366
Forecasted US dollars (GAAP) $ 16,465 in 2022
FAQ
- What is the best option of a sentence rewriter?
An article rewriter is the best option.
Operating Income (GAAP) q/q 13% 14% –
In the report, you’ll be able to see the effects of changes in currency rates on your revenue. For example, the condensed impacts are shown below.
Overall profit increase from last year was 15%
Percentage Change Y/Y Constant Currency
15% 26% 3%
We’ve made slight changes to prior period amounts in order to better adhere to how we manage and monitor the company.
Selected Product and Service Revenue Constant Currency Reconciliation
September 30, 2022
Percentage Change Y/Y (GAAP) Constant Currency Impact Percentage Change Y/Y Constant Currency
Microsoft Cloud revenue 24% 7% 31%
Commercial products and Cloud-based Services Office Commercial products and cloud services.
Office 365 Business
Office 365 for Enterprise
Office 365 for Education
Office the consumer products and cloud services industry’s share of all global business sales, by country, was 7% in 2016.
LinkedIn has a percentage of 17%, 4%, and 21%.
Dynamics products have a 15% discount, cloud services have a 7% discount, and the price of both can be increased by 22%.
The current Dynamics 365 is 24% of the market, 8% belongs to Power BI, and 4% belongs to the CRM Connector.
Server products are a $220 billion industry, while cloud services are $102 billion.
Azure and other cloud services
35%
7%
42%
Windows OS(15%) | Office Application Package(0%) | Adobe Creative Cloud Package(0%)
Of our total revenue in 2016, Windows Commercial products and services made up 8% of our total revenue.
Xbox content and services were up 5% compared to last year.
Including traffic acquisition costs
33% 5% 51%
Devices 2% 6% 8%
Microsoft is a leading tech company that’s best known for its Windows operating system and Office software suite.
At Microsoft, we believe in empowering people and organizations so we can achieve more. To do this, you need to make smarter decisions based on data and real-time analytics from the intelligent cloud and the intelligence of the edge.
Forward-looking statements in this report include statements that are based on management’s current expectations, beliefs, assumptions and estimates of future economic circumstances and trends. Such forward-looking statements may be identified by the use of words in the statements such as “projects,” “expects,” or other words of similar meaning. These statements involve a number of risks, uncertainties (both known and unknown or beyond our control) and other factors that could cause actual results to differ materially from those projected in the forward-looking statements. These factors include our strong position in the online content market, potential acquisitions including Infographics LLC and Foundational Semantics Inc., increasing sales of automated rewriters for higher quality content at lower prices, threats from competitors, dependence on new product releases.
Certain of the statements in this news release may be considered forward-looking, such as statements involving beliefs or expectations that are subject to risks and uncertainties. The Company’s future business performance and financial condition will also depend on its ability to manage the uncertainties and risks such as:
In a fiercely competitive industry, it’s hard to predict what will happen in the long-term. Depending on your market, it could lead to lower revenue or even lower margins.
the increased focus on cloud-based services has created a number of challenges, including execution and competitiveness risks.
Known limitations: This will not work on short, one sentence sentences.
In this business, you’re guaranteed to make some big investments. These investments could come in the form of products and services that don’t meet your expectations.
We’ll try to minimize any adverse effects acquisitions, joint ventures, and strategic alliances may have on our business;
impairment of goodwill or amortizable intangible assets that has caused a significant charge to earnings
Unfortunately, cyberattacks and security vulnerabilities are becoming more common. They can lead to lost revenue and increased costs, as well as liability claims and harm to our competitive position.
In order to protect our reputation and your privacy, we’re disclosing anything that could cause liability or harm.
It’s possible that we may not be able to protect the information you store in our products and services from misuse by others.
#
we take every measure possible to avoid abuse of our advertising, professional, marketplace, or gaming platforms that may harm our reputation or user engagement.
the development of the internet of things has introduced some serious security risks, namely privacy and execution risks.
while it’s not possible to know exactly what the future holds, we’ve thought long and hard about the issues related to AI and what its potential impact could be. And we aren’t swayed by the fear factor from other organizations in this space.
We could experience frequent outages and data losses if we don’t take realistic measures to maintain and develop our infrastructure.
a product being unavailable or in high demand;
Government litigation and regulatory activity may impact the way we design and market our products.
the potential consequences of breaking trade, anti-corruption, and other laws resulting from our business dealings around the world;
We want to be upfront about the fact that there are new regulations and laws coming into effect that may impede our services or result in increased costs. So, before you make a final decision about working with us or not, please know these potential issues.
We’re aware of legal disputes, but don’t let them scare you. We’ll take on the risk so that you can focus on what needs to be done.
one of our uncertainties is with our government customers.
the possibility that someone will hack our source code and steal it from us;
Changes in the law, our evolving business model or piracy may decrease the value of our intellectual property.
Microsoft has infringed the intellectual property rights of others.
we’re sensitive to how even the slightest damage to our reputation can impact our business. Additionally, we also take into account potential damage to our brands that could have a direct effect on the company’s operating results.
As we know, it’s important to safeguard your business in the face of adverse economic or market conditions.
as a result of disruptive political events or devastating natural disasters, we may experience temporary instability.
As a global business, you may be affected by economic and operational uncertainties that can change as quickly as the local currency exchange.
the dependence of our business on our ability to recruit and retain talented employees.
Click here for more information about risks and uncertainties associated with Microsoft’s business. http://www.microsoft.com/en-us/investor
All information in this press release is from September 30, 2022 and the company undertakes no duty to update any forward-looking statements to conform them to factual results or changes in expectations.
