Our earnings extravaganza continues this week as Q3 earnings releases continue to pour in! Today let’s take a look at Microsoft ($MSFT) and Google ($GOOG), and demonstrate how Calcbench can capture rich detail about their disclosures quickly and easily.
First, Microsoft. The company filed its latest quarterly report on Tuesday, and pleasantly surprised the market with a jump in revenue from its cloud-services line of business. To find that information, however, analysts would need to take a deep dive into Microsoft’s segment disclosures. See Figure 1, below, for a breakdown of Microsoft’s three principal operating segments.
But wait, there’s more! Microsoft also discloses revenue by “significant product and service offerings,” which is even more detailed than those three operating segments above. This is where the company reports revenue by products such as Windows, LinkedIn, search advertising, gaming, and more.
Calcbench lets you track all those product-level disclosures over time and for subscribers, we even built a handy spreadsheet to help you with your analysis. For example, Figure 2, below, shows LinkedIn revenue as a percentage of total Microsoft revenue by quarter. (Microsoft uses a June 30 fiscal year-end, so Q3 2023 on the calendar is Q1 2024 for Microsoft’s fiscal year.)
Figure 3, below, shows the same for Microsoft’s gaming revenue.
That level of detail lets you ponder more specific questions. For example, LinkedIn revenue surged for Microsoft last year, when the labor market was brutally tight. Now the labor market has loosened, and LinkedIn revenue is falling as a portion of total revenue. What does that mean for Microsoft’s overall revenue strategy?
Google also reported its latest quarterly results on Tuesday, and its numbers were not as well-received. The company did report growth in its cloud services division, but not as much growth as analysts had expected, and share price sagged.
At Calcbench, we created a spreadsheet to capture Google’s operating segment disclosures within minutes of when Google filed. Its 10-Q officially hit the Securities and Exchange Commission database at 4:02 p.m. ET, and shortly thereafter we had this:
In other words, real-time analysis of segment-level disclosures, all at your fingertips and in a format ready for charts or other visual presentations. We picked the tech giants because they happened to file yesterday, but you can do the same speedy, detailed analysis for any of the companies you follow. Drop us a line at firstname.lastname@example.org and we’ll show you how.