Cloud Services Leading Driver of Microsoft Revenue

Introduction

Tech giant Microsoft, released its Q2 2022 earnings yesterday, here are the key points.

Key Numbers

The company made $51.7 billion in revenue with its three key segments experiencing double digit growth rates. Cloud services was the fastest growing segment, as it grew by 26% year-on-year.

Net Earnings and Earnings Per Share

Microsoft had a net income of $18.8 billion, an increase of 21% year-on-year. Diluted earnings per share, which refers to earnings that take into account all possible dilutive events in the future, was at $2.48 dollars, up 22% year-on-year.

Looking Ahead

Microsoft’s gaming business still remains in the spotlight as the company stated that it would be acquiring the popular Call of Duty publisher, Activision Blizzard, for $68.7 billion. According to Satya Nadella: “Gaming franchises around the world are radically becoming much more software-like, leading to the adoption of more diverse business models in the industry.”

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MoneyAfrica

MoneyAfrica

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