Yesterday, Microsoft reported its financial results for the quarter ended June 30, 2023. Microsoft reported revenue of $56.2 billion and net income of $20.1 billion. During the earnings call, Microsoft shared some interesting numbers around its products and services. You can find the highlights below:
- The Microsoft Cloud surpassed $110 billion in annual revenue, up 27% in constant currency, with Azure all-up accounting for more than 50% of the total for the first time.
- Azure Arc now has 18,000 customers, up 150% year-over-year.
- Azure OpenAI Service now has more than 11,000 customers.
- Over 8,000 customers have signed up to trial Microsoft Fabric service and are actively using it. And over 50% are using four or more workloads.
- Nearly 90% of GitHub Copilot sign-ups are self-service, indicating strong organic interest and pull through.
- More than 27,000 organizations – up 2X quarter-over-quarter – have chosen GitHub Copilot for Business.
- More than 63,000 organizations have used AI-powered capabilities in Power Platform, up 75% quarter-over-quarter.
- Power Automate now has 10 million monthly active users, up 55% year-over-year.
- Dynamics surpassed $5 billion in revenue over the past fiscal year, with customer experience, service, and finance & supply chain businesses all surpassing $1 billion in annual sales.
- More than 1,900 apps now available in Teams app store.
- In the first 5 months, Teams Premium has already surpassed 600,000 seats.
- Teams Phone is the market leader in cloud calling, with more than 17 million PSTN users, up 45% year-over-year.
- Teams Rooms is used by more than 70% of the Fortune 500. And revenue more than doubled year-over-year this quarter.
- Microsoft Viva now has 35 million monthly active users.
- Azure Virtual Desktop and Windows 365, which together surpassed $1 billion in revenue for the first time over the past 12 months.
- More than one million organizations now using Microsoft’s AI-powered security solutions to protect their data, up 26% year-over-year.
- Microsoft Entra ID has more than 610 million monthly active users.
- LinkedIn’s revenue surpassed $15 billion for the first time this fiscal year and membership growth has now accelerated for eight quarters in a row.
- LinkedIn Talent Solutions business surpassed $7 billion in revenue for the first time over the past 12 months.
- LinkedIn now has 950 million members.
- More than 7 million LinkedIn members have verified who they are or where they work, many using new integrations with Microsoft Entra, as well as CLEAR and Hyperverge.
- Bing users have engaged in more than one billion chats and created more than 750 million images with Bing Image Creator.
- Record fourth quarter engagement across Game Pass, with hours played up 22% year-over-year.
- Capital expenditures including finance leases were $10.7 billion to support cloud demand, including investments in AI infrastructure. Cash paid for P, P, and E was $8.9 billion.
