Microsoft revenues rise by 22% in Q3 led by Intelligent Cloud services

The latest earnings report from Microsoft reveals $45.3 billion in revenues for the FY22 Q1 period which encompasses July 1 to September 30. The figure represents a 22% jump compared to last year’s performance and is accompanied by a 27% rise in operating income which totaled $20.2 billion.

Microsoft’s Intelligent Cloud segment raked in $17 billion in revenues, followed by the Productivity and Business Processes which reported $15 billion in revenues. Server products and cloud services saw a 35% rise in revenues while Azure grew by an even more impressive 50%. More Personal Computing which encompasses revenues from Windows, hardware, gaming, and search ads managed a respectable $13.3 billion.

Revenues from Windows sales to OEMs alone saw a 10% rise while Surface product revenues decreased by 17% continuing a trend seen in previous earning reports. Microsoft Office Commercial products and cloud services products saw an 18% increase in revenues with Office 365 alone seeing 23% growth. Microsoft paid out $10.9 billion to shareholders in share repurchases and dividends which represent a 14% yearly raise.

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