Microsoft FY22 Q3 earnings: $49.4 billion in revenue, beating expectations
Microsoft beat expectations in FY22 Q3, in large part due to strong figures from its Intelligent Cloud and Personal Computing sectors.
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What you need to know
Microsoft just released itsearnings report for FY22 Q3(the third quarter of the 2022 fiscal year). The company saw an overall revenue increase of $49.4 billion (19% YoY) and a net income increase of $16.7 billion (8% GAAP). Microsoft’s overall revenue of $49.4 billion beat the expectation of $49.05 billion, according toRefinitiv(viaCNBC).
Here are some of the biggest highlights of the report:
“Continued customer commitment to our cloud platform and strong sales execution drove better than expected commercial bookings growth of 28% and Microsoft Cloud revenue of $23.4 billion, up 32% year over year,” said Executive Vice President and Chief Financial Officer of Microsoft Amy Hood.
Business highlights
Consumer growth was expected to be in the high single digits, meaning Microsoft beat expectations with an 11% YoY increase.
Microsoft’s Productivity and Business Processes revenue was $15.8 billion, an increase of 17% year-over-year. That beat industry expectations of $15.75 billion. Here are the company’s business highlights:
Revenue in Intelligent Cloud went up 26% YoY, hitting $19.1 billion in the quarter.
Personal computing revenue was $14.5 billion, marking an increase of 11% compared to the previous year. That also beat expectations, which were $14.27 billion, according toStreetAccount consensus.
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What’s next
Microsoft CEO Satya Nadella will join other Microsoft higher-ups in an investor call at 2:30 PM Pacific time (5:30 PM Eastern time) today, April 26, 2022. You can watch the webcast throughMicrosoft’s investor portal.
We’ll update this post following the earnings call.
Sean Endicott is a tech journalist at Windows Central, specializing in Windows, Microsoft software, AI, and PCs. He’s covered major launches, from Windows 10 and 11 to the rise of AI tools like ChatGPT. Sean’s journey began with the Lumia 740, leading to strong ties with app developers. Outside writing, he coaches American football, utilizing Microsoft services to manage his team. He studied broadcast journalism at Nottingham Trent University and is active on X @SeanEndicott_ and Threads @sean_endicott_.
