Microsoft: Q2 EPS down 11% to $2.20
Microsoft Corporation reported on Tuesday that its diluted earnings per share were 11% lower year over year, landing at $2.20 in the second quarter of fiscal 2023.
Revenue reached $52.7 billion in the second three-month period after increasing by 2% from the same period in 2022. Net income stood at $16.4 billion, 12% down from the second trimester of 2022 while operating income declined 8% to $20.4 billion. "We are focused on operational excellence as we continue to invest to drive growth. Microsoft Cloud revenue was $27.1 billion, up 22%... year-over-year as our commercial offerings continue to drive value for our customers," Executive Vice President and Chief Financial Officer Amy Hood said in the report.
Company shares rose 4.55% in late trading after the results were published.