Microsoft said cloud services will drive its Q3 growth in 2022.
- 王林forward
- 2023-05-06 19:31:06561browse
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%.
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