14 DAY TRIAL // Microsoft has just revealed the company’s FY22 Q2 financial results, and unsurprisingly, the company’s cloud services continue to be the superstar that’s bringing home the bacon.
More specifically, Microsoft says its revenue reached $51.7 billion during the quarter, and this represents an increase of no less than 20 percent as compared to the same quarter of the previous fiscal year.
The operating income was $22.2 billion, so it represents an increase of 24 percent, while the net income jumped 21 percent to $18.8 billion.
All-in on cloud services
Microsoft says the revenue in the Productivity and Business Processes division increased 19 percent to $15.9 billion, with LinkedIn revenue itself going up no less than 37 percent. The Office Commercial products also performed strong thanks to a 14 percent revenue increase.
The intelligent Cloud unit posted a 26 percent growth, while the More Personal Computing revenue increased 15 percent to $17.5 billion. Windows OEM revenue alone increased 25 percent.
Microsoft’s CEO Satya Nadella obviously praised the performance of the company’s modern focus on productivity.
“Digital technology is the most malleable resource at the world’s disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and chief executive officer of Microsoft. “As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”
The search and news advertising revenue also performed really strong during the quarter, as its revenue posted a surprising 32 percent increase. And of course, the Surface unit also impressed, scoring a jump of no more, no less than 8 percent, partially thanks to the latest models announced by Microsoft.