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.