Microsoft Beats with Revenue Surging 20%|
January 26, 2022
Microsoft reported results for the quarter ended December 31, 2021. The firm earnings of $2.48 per share, adjusted was better than the $2.31 per share expected. On the top line, revenue came in at $51.73 billion with $50.88 billion expected.
Microsoft sees $48.5 billion to 49.3 billion in revenue in the fiscal third quarter, which is more than the $48.23 billion middle of the range consensus.
As compared to the corresponding period of last fiscal year:
“Digital technology is the most malleable resource at the world’s disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and chief executive officer of Microsoft. “As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”
“Solid commercial execution, represented by strong bookings growth driven by long-term Azure commitments, increased Microsoft Cloud revenue to $22.1 billion, up 32% year over year” said Amy Hood, executive vice president and chief financial officer of Microsoft.
Revenue in Productivity and Business Processes was $15.9 billion and increased 19%, with the following business highlights:
Revenue in Intelligent Cloud was $18.3 billion and increased 26%, with the following business highlights:
Microsoft returned $10.9 billion to shareholders in the form of share repurchases and dividends in the second quarter of fiscal year 2022, an increase of 9% compared to the second quarter of fiscal year 2021.