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Microsoft Q2 2022 results: Azure contracts power cloud performance

by Jason Gumpert

Microsoft today announced Q2 FY2022 performance with earnings per share of $2.48 on revenue of $51.7 billion. Net income was $18.8 billion.

“Solid commercial execution, represented by strong bookings growth driven by long-term Azure commitments, increased Microsoft Cloud revenue to $22.1 billion, up 32% year over year” said  Microsoft CFO and EVP Amy Hood in a statement.

The consensus earnings estimate was $2.32.

Among the strong performances in the Productivity and Business Process segment, which generated $15.9 billion overall, Dynamics 365 revenue grew 45% to boost overall Dynamics revenue 29%. Power Apps grew 161%. LinkedIn revenue grew 37%, while Office 365 Commercial revenue saw growth of 19%.

Azure and other cloud services revenue grew 46%, pushing server products and cloud services revenue overall up 29%.

In earnings slides, the company credited "an increase in larger, long-term Azure contracts and strong execution across our core annuity sales motions" as key to the growth in Commercial bookings

In Q1 FY2022, Microsoft reported income of $20.5 billion on revenue of $45.3 billion and $2.71 earnings per share, with Azure revenue growing 50% and Dynamics 365 revenue growth of 48%.

A year ago in Q2 FY2021, the company delivered earnings of $43.1 billion with Azure revenue growth of 50%.

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About Jason Gumpert

As the editor of, 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

Prior to co-founding, 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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