Future-oriented Solutions for Companies
Excellent Financial Results in FY23 Q4: Microsoft
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Microsoft has announced its financial results for FY23 Q4 and the full fiscal year 2023: the Group recorded growth in all areas. The quarterly revenue from the Microsoft Cloud ☁️ is particularly impressive. Why can such figures help companies looking for a solid ERP solution?
The Modern Business World requires Investment in Technology
We live in a business world dominated by a fascination with the intelligent use of technology to keep companies attractive to customers, employees and investors. For ERP vendors, this trend means that they need to invest heavily in the use of new technological inventions - like now in AI.
But how do ERP vendors fund enormous research and development spend in a market that has become more uncertain due to high inflation, war and political tensions?
ERP Selection: High Demands on the Vendor
Nowadays, it is particularly important for companies to select an ERP vendor that has a clear vision, is financially sound and is able to translate plans into concrete actions. With its recent annual results, Microsoft fulfills these requirements very well.
21% more Cloud Revenue ☁️: Microsoft’s Results for the Fourth Quarter of 2023 (and the Full Fiscal Year 2023)
Microsoft reported FY23 Q4 earnings per share of $2.69 on revenue of $56.2 billion (up 8 percent), beating analysts’ estimates. Revenue for the full year was $211.9 billion (up 7 percent) with earnings of $9.68 per share. Operating income for the full year was $88.5 billion - an increase of 6 percent.
“We delivered a solid close to the fiscal year driven by Microsoft Cloud quarterly revenue of $30.3 billion, up 21% (up 23% in constant currency) year-over-year,” said Amy Hood, executive vice president and CFO of Microsoft. The main categories of Microsoft Cloud include Azure, Microsoft 365, LinkedIn and Dynamics 365.
| Revenue (Total Quarter) | Revenue (Total Year) | Operating Income | Net Income | Earnings per Share | Revenue Microsoft Cloud | |
|---|---|---|---|---|---|---|
| FY23 Q4 | $56.2 billion | $211.9 billion | $24.3 billion | 20.1 billion | $2.69 | $30.3 billion |
| FY22 Q4 | $51.9 billion | $198.3 billion | $20.5 billion | 16.7 billion | $2.23 | $25 billion |
| Compared to FY22 Q4 | + 8% | + 7% | + 18% | + 20% | + 21% | + 21% |
Azure and other Cloud Services: Growth and increase in Revenue
The quarterly revenue of Azure and other cloud services increased by 26%. The “Intelligent Cloud” segment grew by 15% overall and generated $24 billion.
Higher Revenue also for Dynamics Products and Services
Dynamics products and cloud services revenue rose by 19 percent in FY23 Q4, while Dynamics 365 revenue increased by 26 percent. In the previous quarter, Dynamics revenue grew by 17 percent, compared to 19 percent a year earlier.
Seizing Opportunities and mastering Challenges safely and responsibly - with the help of Cloud and Artificial Intelligence
“Organizations are asking not only how – but how fast – they can apply this next generation of AI to address the biggest opportunities and challenges they face – safely and responsibly,” said Microsoft CEO Satya Nadella. “We remain focused on leading the new AI platform shift, helping customers use the Microsoft Cloud to get the most value out of their digital spend, and driving operating leverage.”
If you are looking for a vendor that is financially sound and innovative enough to lead your business into the future, Microsoft definitely belongs on your shortlist.
