Microsoft reports a 22% rise in revenue boosted by Intelligent Cloud services in Q3 2021

Microsoft reports a 22% rise in revenue boosted by Intelligent Cloud services in Q3 2021

2 mins read
Microsoft reports a 22% rise in revenue boosted by Intelligent Cloud services in Q3 2021

Image Source: Getty Images

 

Microsoft has reported its financial earnings of FY22 Q1 that lasted from July 1 to September 30. According to the reports, the tech giant saw a 22% growth in its revenue to $45.3 billion. 

The company also reported a 27% rise in its operating income, which totaled $20.2 billion. Further, Diluted earnings per share were $2.71 GAAP and $2.27 non-GAAP, and increased 49% and 25%, respectively. 

 

>>> Microsoft Announces Surface Duo 2 With Snapdragon 888 And 90Hz AMOLED Display

 

 

Digital technology is a deflationary force in an inflationary economy. Businesses – small and large – can improve productivity and the affordability of their products and services by building tech intensity,” - Satya Nadella, chairman and chief executive officer of Microsoft

 

>>> Microsoft Announces Surface Laptop Studio | Price, Specifications, and Features

 

  Revenue Operating Income Diluted Earnings per Share
Q3 2020 (in $ million, except per share amounts) $37,154 $15,876 $1.82
Q3 2021 (in $ million, except per share amounts) $45,317 $20,238 $2.71

 

 

>>> Samsung Leads The Global Smartphones Shipments In Q3 2021

 

 

Microsoft's earning was boosted by its Intelligent Cloud segment, which racked about $17 billion in revenues and increased 31%. Productivity and Business Processes followed with $15 billion in revenue. 

Microsoft also saw a 10% rise in its Windows sales to OEMs. Revenue in More Personal Computing was $13.3 billion and increased 12%. Furthermore, the company paid $10.9 billion to shareholders in share repurchases and dividends, which represent a 14% yearly raise.



>>> Alphabet Reports Solid Q3 Earnings Boosted By Google Ads

 

Join us on Facebook for having insights on the latest updates on automobiles and gadgets: Autoncell 

Also, follow us on our other Social Media Handles:

Twitter

YouTube

Instagram 

  • Microsoft
  • Microsoft earnings report FY22 Q1