Microsoft outperforms on Q1 2022 earnings with Azure revenue growth steady

October 26 2021

Microsoft reported Q1 2022 income of $20.5 billion on revenue of $45.3 billion and $2.71 earnings per share, beating analyst estimates.

“We delivered a strong start to the fiscal year with our Microsoft Cloud generating $20.7 billion in revenue for the quarter, up 36% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft, in a statement.

Azure and other cloud services revenue grew 50%. Microsoft's overall Intelligent Cloud sector grew 31% with $17 billion in revenue reported.

Microsoft's Azure revenue growth rate continues to hold steady. Azure revenue grew 48% in Q1 2021 and grew 51% last quarter in Q4 2021.

Dynamics products and cloud services revenue increased 31%, driven by Dynamics 365 revenue growth of 48%. The company also noted "strong growth" in Power Apps revenue, which rose 202%.

Dynamics saw overall revenue growth of 38% a year ago and 33% last quarter.

LinkedIn revenue increase 42%, driven by Marketing Solutions growth of 61%. Overall revenue in Productivity and Business Processes, which includes Dynamics, Power Platform, Office, and LinkedIn products, was $15.0 billion and increased 22% year-over-year.

About Jason Gumpert

As the editor of MSDynamicsWorld.com, Jason oversees all editorial content on the site and at our events, as well as providing site management and strategy. He can be reached at jgumpert@msdynamicsworld.com.

Prior to co-founding MSDynamicsWorld.com, Jason was a Principal Software Consultant at Parametric Technology Corporation (PTC), where he implemented solutions, trained customers, managed software development, and spent some time in the pre-sales engineering organization. He has also held consulting positions at CSC Consulting and Monitor Group.

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