Its revenue for Q3 FY22 was $49.36bn, an increase of 18.3%, compared to $41.7bn in Q3FY21
Microsoft reported revenue of $49.36bn in Q3 FY22. (Credit: Tawanda Razika from Pixabay)
Microsoft has reported a net income of $16.72bn for the third quarter of the fiscal year 2022 (Q3 FY22), an increase of 8.1%, compared to $15.46bn for the same quarter of the previous fiscal year.
The tech major’s diluted earnings per share for the quarter ended 31 March 2022 grew by 9.3% to $2.22, compared to $2.03 in Q3 FY21.
Microsoft’s revenue for Q3 FY22 was $49.36bn, an increase of 18.3%, compared to $41.7bn in the corresponding quarter of the previous fiscal year. This includes revenue of $23.4bn earned by Microsoft Cloud, which is an increase of 32% year-over-year (YoY).
Its productivity and business processes unit saw a 17% increase in Q3 FY22 revenue to $15.78bn, compared to $13.55bn in Q3 FY21. LinkedIn, which is part of this business unit, saw its revenue grow by 34% YoY.
The revenue of Office commercial products and cloud services in Q3 FY22 was up by 11% YoY.
Microsoft 365 Consumer subscribers are said to have increased to 58.4 million during the reported quarter.
The intelligent cloud business of Microsoft earned revenue of $19bn in the reported quarter, which is an increase of 26%, compared to $15.1bn in Q3 FY21.
Microsoft’s ‘more personal computing’ unit had an 11% increase in its Q3 FY22 revenue to $14.52bn, compared to $13bn in Q3 FY21.
Microsoft chairman and CEO Satya Nadella said: “Going forward, digital technology will be the key input that powers the world’s economic output.
“Across the tech stack, we are expanding our opportunity and taking share as we help customers differentiate, build resilience, and do more with less.”
Last month, Microsoft closed the $19.7bn acquisition of Nuance Communications, an American conversational artificial intelligence (AI) company.
Earlier this year, the tech major entered into a $68.7bn deal to acquire US-based video game holding company Activision Blizzard.