Microsoft said cloud services will drive its Q3 growth in 2022.

Microsoft reported financial results for the quarter ended March 31, 2022, which increased compared to the same period in the previous fiscal year. Its revenue was $49.4 billion, up 18%, and net income was $16.7 billion, up 8%. The company attributed much of the recorded growth to the cloud, with server and cloud services revenue up 29% and Microsoft Cloud up 32%.

By building Microsoft's main cloud business, Azure and web-based Office, into engines of steady growth, the company is insulated from the supply chain challenges that have hurt PC and Xbox game consoles. Availability.

Azure’s 49% growth rate (on a constant currency basis) was better than expected, Chief Financial Officer Amy Hood said. The company acknowledges the strength of commercial bookings as a measure of future revenue through multi-year deals. She also said the contract renewals demonstrate customer satisfaction with the company's cloud offerings. Hood expects fourth-quarter Azure revenue growth to be 2% slower than the previous quarter.

Xbox brought in more revenue from March sales than Switch or PS5, marking its best performance in more than a decade. Hood said Xbox hardware revenue grew 14% as the company managed to bring more console offerings to market.

Over the past 12 months, Xbox Game Pass subscribers have increased their gaming time by 45%, which equates to “billions of hours.” CEO Satya Nadella also boasted that 10 million people use Microsoft's cloud to stream games.

Other highlights are as follows:

• Nadella said that enterprises are adopting Windows 11 much faster than any previous version.
• LinkedIn is still growing, up 34% this year, up from 37% last recorded.
• Microsoft 365 subscribers increased to 58.4 million.
• Office 365 Business revenue grew 17%.
• Surface revenue grew 13%.
• Windows OEM revenue increased 11%.

The above is the detailed content of Microsoft said cloud services will drive its Q3 growth in 2022.. For more information, please follow other related articles on the PHP Chinese website!