MSFT CY23Q1 Results are in

Horatio · Apr 25, 2023

FY23 Q3 - Press Releases - Investor Relations - Microsoft
Microsoft Q3 earnings: Despite cloud struggles, tech giant beat on revenue and EPS (yahoo.com)

Decent earnings beat and pretty decent growth considering "macroeconomic trends". Revenue up 7%, profit up 9%. Lots of strength in all things business with Office, LinkedIn and Dynamics all up. Some weakness in Azure with only(!) 27% growth. Some serious weakness on the consumer side though, with Windows down 30%, Devices down 30% and Xbox only notching a 3% gain. I couldn't find the numbers related to layoffs, but I think that technically they hit after Apr 1, so next quarter will be interesting. Next (this) quarter is when the Activision deal is expected to close if it closes at all, so that should also be something to look forward to.

poochyena · Apr 26, 2023

sweet! After market trading up 8.5%. I bought some shares after they released bing chatgpt.

LordDaMan · Apr 26, 2023

I imagine the 27% growth in azure is because Cloud computing at this point is becoming a mature product getting nearer to market saturation.

Echohead2 · Apr 28, 2023

Any info on surface? Have they closed that division down yet?

md5crypto · Apr 29, 2023

Echohead2 said:
Any info on surface? Have they closed that division down yet?

As any hardware needs new releases, it's suffering until the next big thing comes out.

Horatio · Apr 29, 2023

Hardware was down 30% and that number is dominated by Surface. That would normally bring the doomsayers and partisans out, but preliminary reports are very grim for the entire market, and 30% down could be one of the better scores.

Echohead2 · Apr 29, 2023

Horatio said:
Hardware was down 30% and that number is dominated by Surface. That would normally bring the doomsayers and partisans out, but preliminary reports are very grim for the entire market, and 30% down could be one of the better scores.

I was pretty sure that I read that xbox hardware was down about that much too.

md5crypto · May 1, 2023

Surface hardware has its niche and will continue to evolve form factors.

Nevarre · May 1, 2023

They're shutting down the peripherals business, except for Surface-branded peripherals. Some % of current non-Surface peripherals will be re-branded since Surface was seen as the 'premium' brand and the generic 'Microsoft' brand was the mass-market option.

I remember the original mice and the invention of the Intellimouse. How the mighty have fallen. I know that segment is more crowded, but they used to get some good, reliable revenue from mice, keyboards, webcams, etc.

Mark086 · May 2, 2023

Nevarre said:
They're shutting down the peripherals business, except for Surface-branded peripherals. Some % of current non-Surface peripherals will be re-branded since Surface was seen as the 'premium' brand and the generic 'Microsoft' brand was the mass-market option.

I remember the original mice and the invention of the Intellimouse. How the mighty have fallen. I know that segment is more crowded, but they used to get some good, reliable revenue from mice, keyboards, webcams, etc.

Because at one point they had relatively high quality standards. I don't think that's as true as it once was. Their quality standards on hardware don't separate them from the pack.

Nevarre · May 2, 2023

Mark086 said:
Because at one point they had relatively high quality standards. I don't think that's as true as it once was. Their quality standards on hardware don't separate them from the pack.

That may be true. I used to buy a fairly large volume of their basic peripherals but haven't in years. From a business standpoint when the alternatives include so many Chinese brands with LEDs and names that look like they just grabbed a handful of scrabble tiles, it seems like the squeeze was on their margins. It was just a safe corporate buy.

LordDaMan · May 2, 2023

Nevarre said:
That may be true. I used to buy a fairly large volume of their basic peripherals but haven't in years. From a business standpoint when the alternatives include so many Chinese brands with LEDs and names that look like they just grabbed a handful of scrabble tiles, it seems like the squeeze was on their margins. It was just a safe corporate buy.

When you can buy a perfectly good amazon branded mouse for $5 it's a hard buy to get someone to buy your mouse for $30 even if it is better.

Hell for a lark I bought some crazy wireless one with flashing LEDs off of TEMU for $3 and... it's not bad at all. Thiings like that are really hard to compete with

md5crypto · May 2, 2023

Ocean Plastic Mouse says it all, where Microsoft's mind has gone with peripherals.

YoHo · May 2, 2023

Yeah, I don't know if the quality of MS peripherals has gone down or not, but the market of peripherals in general is that the quality of even the lowest end is really high and so the value proposition of a premium peripheral...especially something like a mouse has dropped.

md5crypto · May 10, 2023

YoHo said:
Yeah, I don't know if the quality of MS peripherals has gone down or not, but the market of peripherals in general is that the quality of even the lowest end is really high and so the value proposition of a premium peripheral...especially something like a mouse has dropped.

I don't see Microsoft as currently very motivated in the traditional peripherals area. I think they have AI-on-the-brain these days and everything funnels through that if you want to make the managers happy.

Echohead2 · May 19, 2023

YoHo said:
Yeah, I don't know if the quality of MS peripherals has gone down or not, but the market of peripherals in general is that the quality of even the lowest end is really high and so the value proposition of a premium peripheral...especially something like a mouse has dropped.

Kind of like sound cards back in the day. there was a time, then cheap ones were good enough and then embedded was good enough. Or even video cards. Who buys video cards besides gamers or CAD type stuff?

Shavano · Jun 1, 2023

Video and image processors, machine learning, and scientists.

MSFT CY23Q1 Results are in

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