Microsoft's first-quarter revenue of $50.1 billion, up 11% year-on-year

Pinwan, October 26th, on October 25th, local time, Microsoft Corporation released the first quarter report of the 2023 fiscal year. In the first quarter, revenue was US$50.1 billion, an increase of 11% year-on-year, and an estimated US$49.56 billion; operating profit was US$21.5 billion, a year-on-year increase of 6%; net profit was US$17.6 billion, a year-on-year decrease of 14%. Microsoft's cloud revenue in the fiscal first quarter was $25.7 billion, up 24% year-on-year; Windows OEM revenue fell 15% year-on-year; device revenue, including Surface, increased 2% year-on-year. Xbox hardware revenue rose 13% amid a 3% decline in Xbox content and services revenue. Microsoft CEO Satya Nadella said there were nearly 20% more monthly active Windows devices than before the pandemic, despite a drop in PC shipments this quarter. However, Microsoft expects Windows OEM revenue to decline by around 30% in the second quarter of fiscal 2023, and device revenue is expected to decline by around 30%. Additionally, as part of its earnings call, Microsoft announced some new figures from GitHub, the massively popular code repository service the company acquired in 2018 for $7.5 billion. According to Microsoft, GitHub now has annual recurring revenue of $1 billion, up from the $200 million to $300 million reported at the time of the acquisition. The company also announced that the GitHub service now has more than 90 million active users, up from 28 million at the close of the acquisition and the replacement of Nat Friedman by Thomas Dohmke last November. 73 million when serving the CEO.