Microsoft's revenue 2008-2023, by fiscal quarter

Microsoft Corporation’s quarterly revenue almost tripled within the last 12 years, increasing from 14.45 billion U.S. dollars in the third quarter of 2008 to 53 billion in the second quarter of their 2023 fiscal year. Over the highlighted period, the largest increase in quarterly revenue occurred between the first and second quarters of 2010, with revenue increasing by more than six billion U.S. dollars.

Intelligent Cloud segment leads Microsoft’s revenues

   Founded by Bill Gates and Paul Allen, Microsoft Corporation is an American multinational technology company that develops and sells a wide range of consumer and enterprise software, hardware, services, and consumer electronics. In its 2021 financial year, Microsoft generated most of its revenue from its Intelligent Cloud segment, which includes Microsoft's popular cloud flatform Azure. The Productivity and Business Processes segment, including the successful line of the Office products, also brings in an increasing amount of revenues. The rapid growths in these segments contributed to making 2021 the company’s most successful year in terms of annual revenue, which amounted to more than 168 billion U.S. dollars.

Microsoft's income growth is equally impressive

Not only has Microsoft seen great evolution in terms of sales, the company has been making better and better profits as well. Microsoft's annual net income reached 73 billion U.S. dollars in fiscal year 2022, delivering an impressive margin of over 35 percent. In a time when the COVID-19 pandemic imposed social distancing and remote working practices onto businesses and individuals, technology companies such as Microsoft provide the essential tools that make such practices possible. Their businesses grow as a result.