Microsoft reported revenue of $49.4 billion for the quarter ended March 31, 2022, an increase of 18% from the prior-year quarter.

Looking at key growth areas, the commercial office products and cloud services business saw revenue increase 12%, driven by Office 365 commercial revenue growth of 17%, while office consumer products and cloud services revenue grew 11% % rose. LinkedIn grew revenue 34% and Microsoft’s Dynamics products and cloud services increased revenue 22%, driven by the growth of Dynamics 365, which saw revenue increase 35%.

Cloud computing via the Azure public cloud was the top contributor to Microsoft’s revenue for the quarter. Server products and cloud services grew 29% in terms of revenue, driven by 46% revenue growth from Azure and other cloud services.

“Continued customer engagement with our cloud platform and strong sales execution resulted in better than expected commercial bookings growth of 28% and Microsoft Cloud…

Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.