For the first quarter of fiscal year 2023, Microsoft reports revenue of $50.1B but a decline in net income.
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Microsoft’s cloud services drive strong revenue growth in Q3 FY22, along with 34% revenue growth from LinkedIn.
Microsoft posted strong financials and double-digit increases across the board for its second quarter of fiscal year 2022.
Microsoft’s fiscal year 2022 is off to a strong start with revenue of $45.3 billion, driven by cloud services revenue.
Cloud service revenue drives a 19% total revenue increase for Microsoft in FY2021 Q3.
Cloud services fuel Microsoft’s FY21 Q2 revenue growth, giving the company double-digital revenue growth in all 3 business segments.
CRM leader and cloud services provider Salesforce has agreed to purchase online communications platform Slack for $27.7 billion.
In its Q1 FY21 earnings release, Microsoft reported total revenue of $37.2B, a 12% increase and net income of $15.9B, a 25% increase.
Wrapping up its fiscal year 2020, Microsoft saw an increase in cloud usage and demand, as well as gaming, during the pandemic.
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