[HN Gopher] MSFT Q2/2023 Earnings Release
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MSFT Q2/2023 Earnings Release
Author : ckastner
Score : 39 points
Date : 2023-01-24 21:03 UTC (1 hours ago)
(HTM) web link (www.microsoft.com)
(TXT) w3m dump (www.microsoft.com)
| hbcondo714 wrote:
| Revenue was $52.7 billion and increased 2% Operating
| income was $20.4 billion GAAP and $21.6 billion non-GAAP, and
| decreased 8% and 3%, respectively Net income was $16.4
| billion GAAP and $17.4 billion non-GAAP, and decreased 12% and
| 7%, respectively Diluted earnings per share was $2.20
| GAAP and $2.32 non-GAAP, and decreased 11% and 6%, respectively
| [deleted]
| didntreadarticl wrote:
| In another thread recently I was wondering if Microsoft are the
| most diversified of the current big players. What do you reckon?
| dzonga wrote:
| one thing I applaud MS for, even though I hate the OS they forced
| on the world:
|
| being able to grow revenues from acquired companies.
| gigel82 wrote:
| For every success story (Mojang) there are 3-4 horror stories
| (Fast, Yammer, Nokia, aQuantive, etc.)
| basch wrote:
| Is aQuantive still around? Atlas was sold to Facebook in
| 2013, and re-released in 2014.
|
| https://www.cnbc.com/2014/09/23/facebook-to-introduce-new-
| ad...
| i_love_cookies wrote:
| I do feel like some of those companies were doomed before
| microsoft was involved at least
| Kukumber wrote:
| > being able to grow revenues from acquired companies.
|
| correction:
|
| being able to inflate and cover up their losses by acquiring
| already successful companies
| arcticbull wrote:
| Doesn't matter what you call it, the system works apparently.
| Not many companies can say that.
| Kukumber wrote:
| It is important when you want to draw conclusions; you
| should use factual data, not your emotions
| eightysixfour wrote:
| Your response appears to be much more emotionally driven
| than articbull's. He is simply acknowledging their
| business model and the fact it is clearly a system that
| works, you're assigning it some kind of value.
| Kukumber wrote:
| I read it again and i can see that, you are right, that
| wasn't the intent, i felt the comment was trying to
| downplay losses, so i felt the need to remind the
| differences, even more so since they just announced
| laying off 10k employees, including destroying the entire
| AR/VR/MR team
| arcticbull wrote:
| Yeah sorry I didn't mean it to come across that way!
|
| I see their core business as changing, and they're being
| resourceful in leveraging acquisitions to continue to
| deliver shareholder value into the future.
|
| I think this is a strategy that many companies have
| historically executed on very badly.
| sremani wrote:
| Any financial experts tease out the effect of strong dollar on
| their overseas income and balance sheet ?
| Kukumber wrote:
| xbox hw/gaming: -13%
|
| This one is the most embarrassing of all, i wonder how different
| that would have been if they had a handheld instead of 2 console
| with 2 different performance profile, that seems redundant
|
| When you look at Nintendo, it's night and day the amount of
| console they are about to sell, more than both Sony/MS combined
| each quarter
| krashidov wrote:
| Anecdotal but I used to be a die hard Xbox guy. After the 360 I
| got really lost on the naming scheme. I want to buy an Xbox but
| I have no idea which one is the latest. Is it the Xbox Series X
| One? Or the Xbox X Series X? no fucking clue
|
| I know, I can do like 5 minutes of research and find out. But I
| don't care THAT much. If I knew it was called an Xbox 5 I could
| use that time researching on just going to Amazon and buying it
| instead.
|
| Also, my friends have all gotten older and they're no longer on
| an Xbox and are using Nintendo switch/phones as their casual
| gaming device.
| NickC25 wrote:
| I wonder if that accounts for the Activision purchase?
|
| If it's just purely revenue, yeah, that's ugly. Sad because I
| got the Xbox Game Pass maybe 3 months ago and while I rarely
| game, I've really enjoyed it - the fact that I can just hop on
| and play whatever I want in the cloud is really cool. The fact
| that it comes bundled with all EA games too is great. Will suck
| when they inevitably have to bump up prices, because right now
| it's the best value in gaming hands down.
| kcb wrote:
| A pipeline of high quality, broad interest games is still
| something Xbox is lacking. It's taking quite a while for the
| Xbox Game Studios acquisitions to bear fruit.
| Kukumber wrote:
| Hence a handheld would have served well for small hit games,
| including backward compatibility with XONE/360, it could have
| also been a catalyzer for their cloud/online services and a
| bridge with PC gaming (they own windows), Nintendo is
| profiting from it since most of their catalog (except for
| their 1st party) comes from PC ports
|
| That's exactly Valve's strategy with the Steam Deck, they are
| capitalizing on it, and it seems to be a good idea, that's
| unfortunate for xbox, maybe for the next gen
| lapetitejort wrote:
| The Steam Deck relieves so much pressure on Xbox and Sony.
| All they have to do is play nice with Proton and they are
| handheld ready. If the Deck fails, there's no hit to their
| bottom line. Sony has has fully embraced it with their push
| to PC.
| NotYourLawyer wrote:
| Up 4% after hours.
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