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.