Cloud boosts Microsoft’s strong third quarter

Microsoft posted sturdy outcomes throughout the board for its third quarter of 2022, with complete income growing by 18% year-over-year to $49.4 billion, thanks largely to continued development of its cloud merchandise. Internet revenue for the quarter was $16.7 billion.

Microsoft bundles its Azure public cloud providers, SQL Server, Home windows Server and enterprise providers collectively as Clever Cloud, which drove income of $19.1 billion within the quarter, growing by 26% year-on-year. Azure and different cloud providers alone jumped 46% within the quarter.

Microsoft CEO Satya Nadella instructed analysts that “it was a file third quarter,” thanks largely to “the continued energy of the Microsoft Cloud.”

Nadella additionally stated that enterprises are adopting Home windows 11 at the next tempo than any earlier launch of the working system, as illustrated by the 11% development for its private computing division, which generated $14.5 billion in income.

Income pushed by enterprise productiveness software program, together with Workplace 365, was up 12% for the quarter and the variety of Workplace 365 client subscribers reached 58.4 million, which is 8 million greater than this time final yr.

Regardless of the sturdy outcomes, Microsoft CFO Amy Hood stated the corporate was anticipating the continuing battle in Ukraine to proceed to impression enterprise in direction of the tip of the monetary yr, with a “roughly $110 million impression” on income however “minimal impression” on working bills.

Copyright © 2022 IDG Communications, Inc.

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