Microsoft outperforms on Q1 2022 earnings with Azure revenue growth steady
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.
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.
FREE Membership Required to View Full Content:
Joining MSDynamicsWorld.com gives you free, unlimited access to news, analysis, white papers, case studies, product brochures, and more. You can also receive periodic email newsletters with the latest relevant articles and content updates.
Learn more about us here