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Microsoft reports 2021 Q4 and full year earnings, with Azure growth steady

by Jason Gumpert

Microsoft reported its Q4 2021 performance with revenue of $46.2 billion, net income of $16.5 billion, up 47% from last year, and earnings per share of $2.17, up 49% and beating analyst estimates of $1.91.

“As we closed out the fiscal year, our sales teams and partners delivered a strong quarter with over 20% top and bottom-line growth, highlighted by commercial bookings growth of 30% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft. “Our commercial cloud revenue grew 36% year over year to $19.5 billion.”

Azure revenue growth of 51% outperformed the overall Intelligent Cloud segment's 30% growth.


Azure trended revenue growth | Source: Microsoft earnings slides

Dynamics product and service revenue was up 33% in the quarter, including Dynamics 365 revenue growing 49%. Office Commercial revenue was up 25% and LinkedIn revenue increased 46%.

For its fiscal 2021, the company reported $168.1 billion, up 18% from 2020, with operating income of $69.9 billion, net income of $61.3 billion, and earnings per share of $8.05 GAAP.

The company's 2021 Q3 earnings were $41.7 billion with net income of $15.5 billion.

A year ago Microsoft reported Q4 2020 revenue of $38.0 billion with a downward-trending earnings per share to $1.46.

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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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