Microsoft (MSFT) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared with both the prior quarter and the same quarter a year ago. The reported total revenue was higher than in the preceding three-month period.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Revenue increased compared with both the prior quarter and the same quarter a year ago. The reported total revenue was higher than in the preceding three-month period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$56.5B
Revenue reported for this quarter.
Quarter-over-quarter
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+12.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$218.3B
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 |
|---|---|---|
| Dec 31, 2022 | $52.7B | +2.0% |
| Mar 31, 2023 | $52.9B | +7.1% |
| Jun 30, 2023 | $56.2B | +8.3% |
| Sep 30, 2023 | $56.5B | +12.8% |
Revenue performance
Total revenue rose sequentially, driven by a gain in both product and service and other revenue components versus the prior quarter. The year-over-year increase was supported by a significant rise in service and other revenue, while product revenue declined slightly.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved modestly. Relative to the same quarter one year earlier, revenue grew more than ten percent, reflecting a stronger contribution from service and other revenue.
What to watch
The filing discusses liquidity and capital resources but does not provide explicit forward guidance on revenue; no specific watch items are identifiable from the supplied data.