Microsoft revenues rise by 22% in Q3 led by Intelligent Cloud services
The latest earnings report from Microsoft reveals $45.3 billion in revenues for the FY22 Q1 period which encompasses July 1 to September 30. The figure represents a 22% jump compared to last year’s performance and is accompanied by a 27% rise in operating income which totaled $20.2 billion.
Microsoft’s Intelligent Cloud segment raked in $17 billion in revenues, followed by the Productivity and Business Processes which reported $15 billion in revenues. Server products and cloud services saw a 35% rise in revenues while Azure grew by an even more impressive 50%. More Personal Computing which encompasses revenues from Windows, hardware, gaming, and search ads managed a respectable $13.3 billion.
Revenues from Windows sales to OEMs alone saw a 10% rise while Surface product revenues decreased by 17% continuing a trend seen in previous earning reports. Microsoft Office Commercial products and cloud services products saw an 18% increase in revenues with Office 365 alone seeing 23% growth. Microsoft paid out $10.9 billion to shareholders in share repurchases and dividends which represent a 14% yearly raise.
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Reader comments
- Anonymous
- 28 Oct 2021
- Hkr
I can really see the difference in Microsoft's personal cloud services these days, especially during COVID-19. Earlier it was painfully slow and files would go missing. Now it's so smooth, so fast and so easy that I'm thinking of switc...
- AnonD-762416
- 28 Oct 2021
- Sec
"Thanks, Mitch! Thanks, Kevin! Thanks, Donald! Thanks, bribes! We literally couldn't have done this without you!"
- zodiacfml
- 28 Oct 2021
- xCD
crazy. not only MS is number two, its marketcap is closest ever to Apple. MS did shot through the roof through the cloud and Nadella's cloud game plan