Market Updates
Microsoft Quarterly Revenues Up 18%, Net Income Up 8%
Scott Peters
26 Apr, 2022
New York City
Microsoft Corp reported March quarter revenues rose 18% to $49.4 billion, net income rose 8% to $16.7 billion, and earnings per share 9% to $2.22.
Server products and cloud services revenue increased 29%, in Productivity and Business Processes rose 17% to $15.8 billion, and in Personal Computing segment rose 11% to $14.5 billion.
LinkedIn revenues rose 34%, Xbox content and services revenues rose 6%, Surface revenues increased 13%, and search and news advertising revenues excluding traffic acquisition costs increased 23%.
Microsoft returned $12.4 billion to shareholders through share repurchases and dividends in the quarter, an increase of 25% from a year ago period.
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