Microsoft reported its strongest financial quarter to date after becoming a $3 trillion company.
Search and news advertising revenue increased 8% year on year, excluding traffic acquisition costs that Microsoft pays to publishers. However, despite the rise in search and news advertising revenue marks a slowdown in growth in comparison to the previous quarter’s 10% increase.
LinkedIn revenue was also up 9%, with overall revenue in Productivity and Business Processes up 13% to $19.2 billion.
Meanwhile, total sales during the three-month period ending December 31, 2023, generated $62 billion for Microsoft, a year-on-year increase of 18%, with net income up 33% at $21.9 billion.
