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Fiscal year Microsoft always starts in the middle of the previous year, and the company now shares the financial profit for the first quarter of 2023. Over the
Fiscal year Microsoft always starts in the middle of the previous year, and the company now shares the financial profit for the first quarter of 2023. Over the past three months, the company has shown growth in revenue, but with a drop in net income, which was mainly due to the decline in the computer market.
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As indicated International Data Corporationby using edge, geopolitical tensions, supply chain issues and inflation exacerbate problems with computer sales. The body indicates that in the last quarter The PC market fell by 15%which also contributed to the division Windowwhich also decreased by 15% compared to the same period last year in ‘Windows OEMs‘, which is a license obtained by manufacturers to install on their computers.
However, the scenario is not too bad for the company as the CEO Microsoft, Satya Nadella, stating that the number of Windows PCs activated monthly is now 20% higher than before the pandemic. Despite the good news for shareholders, the company is still expects its revenue from selling licenses to manufacturers to fall by about 30% in the second quarter of 2023.
Credits: Microsoft Disclosure
In this scenario, falling computer sales division surface demonstrated an incredible 2% increase in revenue, even without launching new devices.
One of the big positives for Microsoft this first quarter was the sale of equipment Xbox, which increased by 13%. However, the company saw a 3% drop in gaming content and services revenue, saying a lack of in-house and third-party content was to blame. The company’s gaming division is now focused on acquiring Activision Blizzardwhich has already been approved in Brazil and Saudi Arabia, but is experiencing problems in the UK due to complaints from Sony.
Another division that also showed growth is products Microsoft Office, cloud and server, up 24% over the previous year. The big surprise for the company was LinkedInwhich is 17% more than in the same period last year.
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Via: The Verge Source: Microsoft
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Source: Mundo Conectado
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
