The tech major’s revenue for the quarter ended 30 September 2021 was $45.31bn, which is a 22% growth compared to $37.15bn in the corresponding quarter of the previous fiscal year
An office of Microsoft in Germany. (Credit: Rufus46/Wikimedia Commons)
Microsoft has reported a net income of $20.5bn for the first quarter of the fiscal year 2022 (Q1 FY22), a 48% increase compared to $13.89bn for the same quarter of the previous fiscal year.
In the previous quarter, that is Q4 FY21, the company’s net income was $16.45bn.
Microsoft’s diluted earnings per share for Q1 FY22 grew by 49% to $2.71 compared to $1.82 in Q1 FY21.
The tech major’s revenue for the quarter ended 30 September 2021 was $45.31bn, an increase of 22%, compared to $37.15bn in the corresponding quarter of the previous fiscal year.
Its productivity and business processes unit saw a 22% increase in Q1 FY22 revenue to $15bn compared to $12.31bn in Q1 FY21.
LinkedIn, which is part of the unit, saw its revenue grow by 42% YoY.
The revenue of Office commercial products and cloud services for the reported quarter increased 18% YoY, while the revenue of Office consumer products and cloud services was up by 10% YoY.
The company said that the subscribers of Microsoft 365 Consumer increased to 54.1 million during the reported quarter.
The intelligent cloud business of Microsoft delivered revenue of $16.96bn in the reported quarter, which is a year-over-year (YoY) growth of 31%. In the same quarter of the previous fiscal year, the business earned revenue of $12.98bn.
The company’s personal computing unit had a 12% increase in its Q1 FY22 revenue to $13.31bn compared to $11.84bn in Q1 FY21.
Overall, Microsoft Cloud reported revenue of $20.7bn in Q1 FY22, an increase of 36% compared to $15.2bn of revenue for the same quarter in the previous fiscal year.
Microsoft chairman and CEO Satya Nadella said: “Digital technology is a deflationary force in an inflationary economy. Businesses – small and large – can improve productivity and the affordability of their products and services by building tech intensity.
“The Microsoft Cloud delivers the end-to-end platforms and tools organizations need to navigate this time of transition and change.”
Last month, the tech major acquired California-based learning marketplace start-up TakeLessons for an undisclosed price.