Microsoft’s strength in cloud continues, though.
the third quarter of its 2023 fiscal financial results. The software maker made $TKTK billion in revenue and a net income of $52.9 billion during Q3. Revenue is up 7 percent, and net income has increased by 9 percent.
Microsoft had a tough quarter for Windows and devices revenue last quarter, and Q3 isn’t much different. Windows OEM revenue, the price that PC manufacturers pay Microsoft to put Windows on laptops and PCs, fell by 28 percent in Q3.Photo by Amelia Holowaty Krales / The Vergethat shipments of PCs and laptops were down around 30 percent year over year. The PC market woes have also hit Microsoft’s devices revenue, which includes HoloLens and PC accessories instead of just Surface revenue.
The devices revenue doesn’t cover Microsoft’s Xbox efforts, though. That’s separated out into Xbox hardware revenue, which has dropped by 30 percent this quarter along with a slight increase of 3 percent in Xbox content and services revenue thanks to Xbox Game Pass growth. Overall, gaming revenue has declined 4 percent.
Microsoft still isn’t providing an update on Xbox Game Pass subscriber numbers. Microsoft said Xbox Game Pass had
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