Microsoft (MSFT) Revenue — Quarter Ended Mar 31, 2023
Revenue increased during the quarter, supported by growth in service and other revenue. Total revenue rose compared with both the immediately preceding quarter and the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue increased during the quarter, supported by growth in service and other revenue. Total revenue rose compared with both the immediately preceding quarter and the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$52.9B
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
+7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$207.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $51.9B | +12.4% |
| Sep 30, 2022 | $50.1B | +10.6% |
| Dec 31, 2022 | $52.7B | +2.0% |
| Mar 31, 2023 | $52.9B | +7.1% |
Revenue performance
Service and other revenue expanded, while product revenue declined during the quarter. The overall revenue increase reflects continued momentum in the service business.
Quarterly comparison
Compared with the immediately preceding quarter, total revenue increased slightly. Versus the same quarter one year earlier, revenue was higher, driven by a significant rise in service and other revenue which more than offset a decline in product revenue.
What to watch
Monitor the trajectory of product revenue, which declined in both the sequential and year-ago comparisons.