Microsoft posted revenue of $51.9 billion in the fourth quarter of its fiscal year. This was the slowest revenue growth since 2020, as the approval process for the largest gaming acquisition in history ended.
In FY2022, the technology giant posted an 18% increase over the same period last year. For the year, operating income reached 83.4 billion, up 18%.
Microsoft’s cloud generated $2 billion in the fourth quarter, up 28% from last year’s period.
The personal computing segment, which includes the Xbox platform, generated $14.4 billion in sales in the fourth quarter.
Compared to Q4 2021, revenues increased 6%.
Revenue from the lottery was $259 million in the fourth quarter of 2022, down 7% from the same period last year.
Microsoft blamed the decline in gaming revenues on lower sales of Xbox hardware, which was echoed by a decline in Xbox content and services revenues in the fourth quarter. Incoming low-tech problems have plagued the company.
A Long Process
Earlier this month, Microsoft filed Second Request documents with the FTC regarding its $68,7 million acquisition of Activision Blizzard, which could be approved by August 2014.
Microsoft has almost received FTC approval. However, it is under investigation by antitrust watchdog the Competition and Markets Authority (TCA) (U.S.), which examines whether the deal will stifle competition, make it too expensive, or give it no choice.