Microsoft has reported its strongest financial quarter to date in Q3 of 2023.
Search and news advertising revenue increased 10% year on year, excluding traffic acquisition costs that Microsoft pays to publishers. The rise in search and news advertising revenue marks a significant boost from last quarter’s 3% increase.
LinkedIn revenue was also up 8%, with overall revenue in Productivity and Business Processes up 13% to $18.6 billion.
Meanwhile, total sales during the three-month period ending 30 September 2023 generated $56.5 billion for Microsoft, which is significantly above what industry experts had forecasted, according to FactSet.
