LinkedIn Business Highlights from Microsoft’s FY23 Q4 Earnings (2024)

FAQs

What is the earnings of Microsoft FY23? ›

Microsoft MSFT reported fourth-quarter fiscal 2023 earnings of $2.69 per share, which beat the Zacks Consensus Estimate by 5.91% and improved 20.6% on a year-over-year basis. At constant currency (cc), earnings increased 23% year over year.

Microsoft is making lots of money from LinkedIn Premium — and users like its AI tools. LinkedIn generated $1.7 billion from premium subscriptions last year.

Microsoft reported earnings per share (EPS) of $2.94 on revenue of $61.9 billion. Wall Street was anticipating EPS of $2.83 on revenue of $60.88 billion, according to analysts' estimates compiled by Bloomberg.

MSFT Earnings Forecast

Next quarter's earnings estimate for MSFT is $2.93 with a range of $2.86 to $3.10. The previous quarter's EPS was $2.94. MSFT beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 67.09% of the time in the same period.

The More Personal Computing unit revenue increased 17% to $15.6 billion, surpassing analyst expectations of $15.08 billion, according to data from LSEG. Productivity and Business Processes, Microsoft's unit that houses office software and LinkedIn, increased revenue 12% to $19.6 billion.

LinkedIn is a professional networking site that offers a range of services for job seekers, professionals, recruiters, and employers. It was acquired by Microsoft in 2016 for $27 billion¹. LinkedIn makes money from four main sources: subscriptions, advertising, learning, and jobs.

Since December 2016, LinkedIn has been a wholly owned subsidiary of Microsoft.

And while LinkedIn has benefited from its independence, the two companies have worked closely on a range of initiatives, such as building LinkedIn into Outlook, more integration between LinkedIn Sales Navigator and Microsoft's Dynamics 365, as well as moving LinkedIn to Microsoft's Azure cloud.

Net income is expected to be $21.1 billion, a decline from $21.87 billion last quarter but an increase from $18.3 billion in the prior-year quarter. Earnings per share (EPS) are projected at $2.83, compared with $2.93 in the prior quarter and $2.45 a year earlier.

Where can I see Microsoft earnings? ›

The direct link to the earnings press release is https://www.microsoft.com/en-us/Investor/earnings/FY-2024-Q3/press-release-webcast.

Microsoft stock has received a consensus rating of buy. The average rating score is Aaa and is based on 96 buy ratings, 1 hold ratings, and 2 sell ratings.

All-up, we delivered $143 billion in revenue, $53 billion in operating income, and more than $60 billion in operating cash flow—and returned $35 billion to shareholders.

Microsoft net income for the twelve months ending March 31, 2024 was $86.181B, a 24.86% increase year-over-year. Microsoft annual net income for 2023 was $72.361B, a 0.52% decline from 2022. Microsoft annual net income for 2022 was $72.738B, a 18.72% increase from 2021.

According to Microsoft's latest financial reports the company's current revenue (TTM ) is $236.58 B. In 2022 the company made a revenue of $204.09 B an increase over the years 2021 revenue that were of $184.90 B. The revenue is the total amount of income that a company generates by the sale of goods or services.

Microsoft Corporation Common Stock is estimated to report earnings on 07/23/2024. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date.