Microsoft has released its financial report for the first quarter of 2023, revealing that the company earned $18 billion in profit, despite a decline in sales of Windows and Xbox.
The report shows that Windows sales dropped by 10% compared to the same period last year, while Xbox sales declined by 25%. However, Microsoft’s cloud services, including Azure and Office 365, saw a 33% increase in revenue.
The report also revealed that Microsoft’s Surface division, which produces laptops and tablets, had a 15% increase in sales, and LinkedIn, the professional social network owned by Microsoft, had a 20% increase in revenue.
Overall, Microsoft’s revenue for the first quarter of 2023 was $41.7 billion, which is a 6% increase from the same period last year.
Despite the decline in sales of Windows and Xbox, Microsoft’s strong performance in other areas helped to offset the losses. The company’s cloud services have been a major focus in recent years, as more businesses and individuals shift towards cloud-based computing.
Microsoft has also been investing in other areas, such as artificial intelligence and mixed reality, which could help to drive future growth.