Microsoft Q1 Report 2022
Microsoft Cloud Strength Drives First Quarter Results
Microsoft Corp. today announced the following results for the quarter ended September 30, 2021, as compared to the corresponding period of last fiscal year:
- Revenue was $45.3 billion and increased 22%
- Operating income was $20.2 billion and increased 27%
- Net income was $20.5 billion GAAP and $17.2 billion non-GAAP, and increased 48% and 24%,respectively
- Diluted earnings per share was $2.71 GAAP and $2.27 non-GAAP, and increased 49% and 25%,respectively
- GAAP results include a $3.3 billion net income tax benefit explained in the Non-GAAP Definition section below
Business Highlights
Revenue in Productivity and Business Processes was $15.0 billion and increased 22% (up 20% in constant currency), with the following business highlights:
- Office Commercial products and cloud services revenue increased 18% (up 16% in constant currency) driven by Office 365 Commercial revenue growth of 23% (up 21% in constant currency)
- Office Consumer products and cloud services revenue increased 10% (up 8% in constant currency) and Microsoft 365 Consumer subscribers increased to 54.1 million
- LinkedIn revenue increased 42% (up 39% in constant currency) driven by Marketing Solutions growth of 61% (up 59% in constant currency)
- Dynamics products and cloud services revenue increased 31% (up 29% in constant currency) driven by Dynamics 365 revenue growth of 48% (up 45% in constant currency)
