Microsoft has reported results for Q3 of fiscal year 2022 ended March 31, 2022, revealing an 18 percent year-on-year increase in revenue to $49.4bn.
Microsoft recorded a 26 percent increase in Intelligent Cloud revenue to $19.1bn; a 17 percent increase in revenue in Productivity and Business Processes totalling $15.8bn, and an 11 percent rise in revenue in More Personal Computing to $14.5 bn.
Operating income for the quarter was $20.4bn, an increase of 19 percent, whilst net income totalled $16.7bn – an 8 percent GAAP increase.
Microsoft’s diluted earnings per share were $2.22, representing a 9 percent GAAP increase.
The company returned $12.4bn to shareholders in the form of share repurchases and dividends in Q3 2022, an increase of 25 percent compared to Q3 of fiscal year 2021.
Satya Nadella, chairman and chief executive officer of Microsoft, said: “Going forward, digital technology will be the key input that powers the world’s economic output. Across the tech stack, we are expanding our opportunity and taking share as we help customers differentiate, build resilience, and do more with less.”