{"id":601403,"date":"2023-01-26T06:49:28","date_gmt":"2023-01-26T12:49:28","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/26\/cloud-division-saves-microsoft-from-weak-xbox-and-windows-performance\/"},"modified":"2023-01-26T06:49:28","modified_gmt":"2023-01-26T12:49:28","slug":"cloud-division-saves-microsoft-from-weak-xbox-and-windows-performance","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/26\/cloud-division-saves-microsoft-from-weak-xbox-and-windows-performance\/","title":{"rendered":"Cloud division saves Microsoft from weak Xbox and Windows performance"},"content":{"rendered":"

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you can trust<\/a>.<\/p>\n

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Bottom line:<\/strong> Microsoft reported positive year-over-year revenue growth of $52.7 billion for the three-month period ending December 31, 2022, thanks in large part to strong performance from its cloud computing services. <\/p>\n

The $52.7 billion haul represented a modest two percent gain compared to the same period a year earlier. Net income, however, slid 12 percent year over year to $17.37 billion and diluted earnings per share checked in at $2.32 (down 11 percent compared to Q4 2021).<\/p>\n

Microsoft’s productivity and business processes division (Office, LinkedIn, Dynamics) generated<\/a> $17 billion in revenue, up seven percent YoY, while its intelligent cloud division soared 18 percent to $21.5 billion, both of which helped to offset losses in other areas.<\/p>\n

Windows OEM revenue decreased 39 percent, mirroring the performance of Microsoft’s devices category. Xbox content and services revenue also took a hit, down 12 percent compared to the 2021 holiday season.<\/p>\n

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Microsoft recently extended<\/a> its partnership with OpenAI, building on a partnership that was first forged in 2016 and reaffirmed in both 2019 and 2021. Microsoft described the new deal as a multiyear, multibillion dollar investment that will accelerate AI breakthroughs. According to Bloomberg<\/a>, Redmond is committing an additional $10 billion.<\/p>\n

Last week, the Washington-based tech giant announced it would be reducing its overall labor pool by 10,000 jobs<\/a>. With the cuts, Microsoft joins a host of other big tech companies that are scaling back their workforces after hiring heavily during the pandemic.<\/p>\n

Related: These are the severance packages tech giants like Google, Meta and Amazon are offering to fired employees<\/a><\/p>\n

Looking ahead<\/a>, Microsoft expects FY23 Q3 revenues of between $50.5 billion and $51.5 billion. The biggest takeaway here is that Microsoft expects revenue from its “More Personal Computing” division (Windows OEM, Xbox, devices and search) to fall to between $11.9 billion to $12.3 billion, from $14.2 billion in the most recent quarter.<\/p>\n

In related news, Xbox and Bethesda are currently streaming their Developer Direct<\/a> showcase which promises an inside look at some of the biggest games coming to Xbox, PC and Game Pass.<\/p>\n

Image credit: Valent Lau<\/a>, Tadas Sar<\/a><\/p>\n<\/p><\/div>\n

Read More<\/a>
\n Joan Volkman<\/p>\n","protected":false},"excerpt":{"rendered":"

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you can trust. Bottom line: Microsoft reported positive year-over-year revenue growth of $52.7 billion for the three-month period ending December 31, 2022, thanks in large part to strong performance from its cloud computing services. The $52.7 billion haul represented a modest<\/p>\n","protected":false},"author":1,"featured_media":601404,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4441,30817,46],"tags":[],"class_list":{"0":"post-601403","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cloud","8":"category-division","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=601403"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/601404"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=601403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=601403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=601403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}