Microsoft’s Q4 Revenue Surpasses Expectations at $62 Billion

“Microsoft concluded the year 2023 with revenues and profits that exceeded expectations, thanks to massive investments in artificial intelligence serving its traditional activities and cloud computing.

Microsoft also attributed its performance to artificial intelligence, which has amazed the world since the emergence of generative artificial intelligence a year ago. Microsoft’s revenues reached $62 billion between October and December (+18%), achieving profits of about $22 billion, which represents an increase of about a third on an annual basis.

Its cloud business experienced 20% annual growth and accounted for approximately 42% of the company’s revenues. Microsoft CEO Satya Nadella said in a statement that they have moved from a stage where they were talking about artificial intelligence to a stage where this technology is deeply rooted in their activities.

Microsoft announced the layoff of approximately 1,900 employees from its acquired companies, Xbox and Activision Blizzard, last year.

This number represents about 9% of Microsoft’s global employees in the video game industry, totaling 220,000 employees.

Thanks to its significant investments in the innovative company OpenAI and its program “ChatGPT,” Microsoft has taken the lead in the field of generative artificial intelligence.

Microsoft’s search engine, Bing, has not made significant progress, but the group that controls nearly half of OpenAI’s capital is still riding the wave of generative artificial intelligence.

Microsoft’s market value recently surpassed $3 trillion, surpassing Apple as the global leader.”