Microsoft 2022 Q3 results: Cloud growth steady, commercial bookings strengthen
Microsoft reported 2022 Q3 earnings of $2.22 on revenue of $49.4 billion, beating analyst estimates.
Commercial bookings grew 28% and Microsoft Cloud revenue rose 32% to $23.4 billion. Azure and other cloud services revenue growth at 46%.
Among other business highlights, the company reported:
- Dynamics product and cloud service revenue rose 22%, with Dynamics 365 revenue growth of 35% (though each had a 3-point lift in constant currency)
- LinkedIn revenue growth of 34%
- Office 365 Commercial revenue growth of 17%
Net income was $16.7 billion, up 8% with operating income of 20.4 billion, up 19%.
In Q2 2022, Dynamics 365 revenue grew faster, at 45%, as did overall Dynamics revenue. Azure grew 46%, with Microsoft Cloud overall up 32%.
In Q3 2021, the company reported revenue of $45.3 billion and $2.71 earnings per share. Azure and other cloud services revenue grew 50% in that quarter, with Dynamics products and cloud services revenue increasing 31% overall and D365 revenue up 48%.
Unlike in past reports, the company did not share Power Platform growth figures.
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