diff --git a/.chloggen/revertargs.yaml b/.chloggen/revertargs.yaml
deleted file mode 100755
index 5a2c49e1ed6..00000000000
--- a/.chloggen/revertargs.yaml
+++ /dev/null
@@ -1,11 +0,0 @@
-# One of 'breaking', 'deprecation', 'new_component', 'enhancement', 'bug_fix'
-change_type: bug_fix
-
-# The name of the component, or a single word describing the area of concern, (e.g. otlpreceiver)
-component: service
-
-# A brief description of the change.  Surround your text with quotes ("") if it needs to start with a backtick (`).
-note: Fix running collector as a windows service.
-
-# One or more tracking issues or pull requests related to the change
-issues: [6433]
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a792520bfc8..f2561646f22 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,12 @@
 
 <!-- next version -->
 
+## v0.63.1
+
+### 🧰 Bug fixes 🧰
+
+- `service`: Fix running collector as a windows service. (#6433)
+
 ## v0.63.0
 
 ### 🛑 Breaking changes 🛑
diff --git a/cmd/builder/internal/builder/config.go b/cmd/builder/internal/builder/config.go
index ed58a6249be..b8c1a2c0bdc 100644
--- a/cmd/builder/internal/builder/config.go
+++ b/cmd/builder/internal/builder/config.go
@@ -26,7 +26,7 @@ import (
 	"go.uber.org/zap"
 )
 
-const defaultOtelColVersion = "0.63.0"
+const defaultOtelColVersion = "0.63.1"
 
 // ErrInvalidGoMod indicates an invalid gomod
 var ErrInvalidGoMod = errors.New("invalid gomod specification for module")
diff --git a/cmd/builder/internal/config/default.yaml b/cmd/builder/internal/config/default.yaml
index 9e5d2962353..6829758475a 100644
--- a/cmd/builder/internal/config/default.yaml
+++ b/cmd/builder/internal/config/default.yaml
@@ -2,24 +2,24 @@ dist:
   module: go.opentelemetry.io/collector/cmd/otelcorecol
   name: otelcorecol
   description: Local OpenTelemetry Collector binary, testing only.
-  version: 0.63.0-dev
-  otelcol_version: 0.63.0
+  version: 0.63.1-dev
+  otelcol_version: 0.63.1
 
 receivers:
   - import: go.opentelemetry.io/collector/receiver/otlpreceiver
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
 exporters:
-  - gomod: go.opentelemetry.io/collector/exporter/loggingexporter v0.63.0
-  - gomod: go.opentelemetry.io/collector/exporter/otlpexporter v0.63.0
-  - gomod: go.opentelemetry.io/collector/exporter/otlphttpexporter v0.63.0
+  - gomod: go.opentelemetry.io/collector/exporter/loggingexporter v0.63.1
+  - gomod: go.opentelemetry.io/collector/exporter/otlpexporter v0.63.1
+  - gomod: go.opentelemetry.io/collector/exporter/otlphttpexporter v0.63.1
 extensions:
   - import: go.opentelemetry.io/collector/extension/ballastextension
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
   - import: go.opentelemetry.io/collector/extension/zpagesextension
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
 processors:
   - import: go.opentelemetry.io/collector/processor/batchprocessor
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
   - import: go.opentelemetry.io/collector/processor/memorylimiterprocessor
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
 
diff --git a/cmd/otelcorecol/builder-config.yaml b/cmd/otelcorecol/builder-config.yaml
index ea52161b1f8..4710a43087d 100644
--- a/cmd/otelcorecol/builder-config.yaml
+++ b/cmd/otelcorecol/builder-config.yaml
@@ -2,26 +2,26 @@ dist:
   module: go.opentelemetry.io/collector/cmd/otelcorecol
   name: otelcorecol
   description: Local OpenTelemetry Collector binary, testing only.
-  version: 0.63.0-dev
-  otelcol_version: 0.63.0
+  version: 0.63.1-dev
+  otelcol_version: 0.63.1
 
 receivers:
   - import: go.opentelemetry.io/collector/receiver/otlpreceiver
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
 exporters:
-  - gomod: go.opentelemetry.io/collector/exporter/loggingexporter v0.63.0
-  - gomod: go.opentelemetry.io/collector/exporter/otlpexporter v0.63.0
-  - gomod: go.opentelemetry.io/collector/exporter/otlphttpexporter v0.63.0
+  - gomod: go.opentelemetry.io/collector/exporter/loggingexporter v0.63.1
+  - gomod: go.opentelemetry.io/collector/exporter/otlpexporter v0.63.1
+  - gomod: go.opentelemetry.io/collector/exporter/otlphttpexporter v0.63.1
 extensions:
   - import: go.opentelemetry.io/collector/extension/ballastextension
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
   - import: go.opentelemetry.io/collector/extension/zpagesextension
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
 processors:
   - import: go.opentelemetry.io/collector/processor/batchprocessor
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
   - import: go.opentelemetry.io/collector/processor/memorylimiterprocessor
-    gomod: go.opentelemetry.io/collector v0.63.0
+    gomod: go.opentelemetry.io/collector v0.63.1
 
 replaces:
   - go.opentelemetry.io/collector => ../../
diff --git a/cmd/otelcorecol/go.mod b/cmd/otelcorecol/go.mod
index 8e7c3af0f80..1ffc9ce978b 100644
--- a/cmd/otelcorecol/go.mod
+++ b/cmd/otelcorecol/go.mod
@@ -6,10 +6,10 @@ go 1.18
 
 require (
 	github.com/stretchr/testify v1.8.1
-	go.opentelemetry.io/collector v0.63.0
-	go.opentelemetry.io/collector/exporter/loggingexporter v0.63.0
-	go.opentelemetry.io/collector/exporter/otlpexporter v0.63.0
-	go.opentelemetry.io/collector/exporter/otlphttpexporter v0.63.0
+	go.opentelemetry.io/collector v0.63.1
+	go.opentelemetry.io/collector/exporter/loggingexporter v0.63.1
+	go.opentelemetry.io/collector/exporter/otlpexporter v0.63.1
+	go.opentelemetry.io/collector/exporter/otlphttpexporter v0.63.1
 	golang.org/x/sys v0.1.0
 )
 
@@ -57,8 +57,8 @@ require (
 	github.com/tklauser/numcpus v0.4.0 // indirect
 	github.com/yusufpapurcu/wmi v1.2.2 // indirect
 	go.opencensus.io v0.23.0 // indirect
-	go.opentelemetry.io/collector/pdata v0.63.0 // indirect
-	go.opentelemetry.io/collector/semconv v0.63.0 // indirect
+	go.opentelemetry.io/collector/pdata v0.63.1 // indirect
+	go.opentelemetry.io/collector/semconv v0.63.1 // indirect
 	go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc v0.36.4 // indirect
 	go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.36.4 // indirect
 	go.opentelemetry.io/contrib/propagators/b3 v1.11.1 // indirect
diff --git a/cmd/otelcorecol/main.go b/cmd/otelcorecol/main.go
index 2548cc8911b..9a4ee6aa553 100644
--- a/cmd/otelcorecol/main.go
+++ b/cmd/otelcorecol/main.go
@@ -19,7 +19,7 @@ func main() {
 	info := component.BuildInfo{
 		Command:     "otelcorecol",
 		Description: "Local OpenTelemetry Collector binary, testing only.",
-		Version:     "0.63.0-dev",
+		Version:     "0.63.1-dev",
 	}
 
 	if err := run(service.CollectorSettings{BuildInfo: info, Factories: factories}); err != nil {
diff --git a/examples/k8s/otel-config.yaml b/examples/k8s/otel-config.yaml
index bbf0e85bcee..e4da7f4f178 100644
--- a/examples/k8s/otel-config.yaml
+++ b/examples/k8s/otel-config.yaml
@@ -66,7 +66,7 @@ spec:
       - command:
           - "/otelcol"
           - "--config=/conf/otel-agent-config.yaml"
-        image: otel/opentelemetry-collector:0.63.0
+        image: otel/opentelemetry-collector:0.63.1
         name: otel-agent
         resources:
           limits:
@@ -177,7 +177,7 @@ spec:
       - command:
           - "/otelcol"
           - "--config=/conf/otel-collector-config.yaml"
-        image: otel/opentelemetry-collector:0.63.0
+        image: otel/opentelemetry-collector:0.63.1
         name: otel-collector
         resources:
           limits:
diff --git a/exporter/loggingexporter/go.mod b/exporter/loggingexporter/go.mod
index 714f379d354..b6c95524a08 100644
--- a/exporter/loggingexporter/go.mod
+++ b/exporter/loggingexporter/go.mod
@@ -4,8 +4,8 @@ go 1.18
 
 require (
 	github.com/stretchr/testify v1.8.1
-	go.opentelemetry.io/collector v0.63.0
-	go.opentelemetry.io/collector/pdata v0.63.0
+	go.opentelemetry.io/collector v0.63.1
+	go.opentelemetry.io/collector/pdata v0.63.1
 	go.uber.org/zap v1.23.0
 	golang.org/x/sys v0.1.0
 )
diff --git a/exporter/otlpexporter/go.mod b/exporter/otlpexporter/go.mod
index 2b8ece8481f..db25896593c 100644
--- a/exporter/otlpexporter/go.mod
+++ b/exporter/otlpexporter/go.mod
@@ -4,8 +4,8 @@ go 1.18
 
 require (
 	github.com/stretchr/testify v1.8.1
-	go.opentelemetry.io/collector v0.63.0
-	go.opentelemetry.io/collector/pdata v0.63.0
+	go.opentelemetry.io/collector v0.63.1
+	go.opentelemetry.io/collector/pdata v0.63.1
 	go.uber.org/atomic v1.10.0
 	google.golang.org/genproto v0.0.0-20221018160656-63c7b68cfc55
 	google.golang.org/grpc v1.50.1
diff --git a/exporter/otlphttpexporter/go.mod b/exporter/otlphttpexporter/go.mod
index 11d7782e24b..3414b535ac1 100644
--- a/exporter/otlphttpexporter/go.mod
+++ b/exporter/otlphttpexporter/go.mod
@@ -4,8 +4,8 @@ go 1.18
 
 require (
 	github.com/stretchr/testify v1.8.1
-	go.opentelemetry.io/collector v0.63.0
-	go.opentelemetry.io/collector/pdata v0.63.0
+	go.opentelemetry.io/collector v0.63.1
+	go.opentelemetry.io/collector/pdata v0.63.1
 	go.uber.org/zap v1.23.0
 	google.golang.org/genproto v0.0.0-20221018160656-63c7b68cfc55
 	google.golang.org/grpc v1.50.1
diff --git a/go.mod b/go.mod
index a9eabc73bfb..a550bbd814a 100644
--- a/go.mod
+++ b/go.mod
@@ -21,8 +21,8 @@ require (
 	github.com/spf13/cobra v1.6.1
 	github.com/stretchr/testify v1.8.1
 	go.opencensus.io v0.23.0
-	go.opentelemetry.io/collector/pdata v0.63.0
-	go.opentelemetry.io/collector/semconv v0.63.0
+	go.opentelemetry.io/collector/pdata v0.63.1
+	go.opentelemetry.io/collector/semconv v0.63.1
 	go.opentelemetry.io/contrib/instrumentation/google.golang.org/grpc/otelgrpc v0.36.4
 	go.opentelemetry.io/contrib/instrumentation/net/http/otelhttp v0.36.4
 	go.opentelemetry.io/contrib/propagators/b3 v1.11.1
diff --git a/versions.yaml b/versions.yaml
index 32056c0f35b..77599169307 100644
--- a/versions.yaml
+++ b/versions.yaml
@@ -14,11 +14,11 @@
 
 module-sets:
   stable:
-    version: v0.63.0
+    version: v0.63.1
     modules:
       - go.opentelemetry.io/collector/pdata
   beta:
-    version: v0.63.0
+    version: v0.63.1
     modules:
       - go.opentelemetry.io/collector
       - go.opentelemetry.io/collector/cmd/builder