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10/26/2021, 10:02 PM (Source: TeleTrader)
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Microsoft's revenue jumps 22% YoY to $45.3B in Q1

Microsoft Corporation reported on Tuesday that its revenue reached $45.3 billion in the first quarter of fiscal 2022 after rising 22% from the same timespan in the prior year.

Net income grew 48% on an annual basis to stand at $20.5 billion in the quarter that ended on September 30, 2021, while operating income amounted to $20.2 billion, up 27% year on year. Diluted earnings per share hit $2.71, soaring 49% from the first three months of fiscal 2021.

"Digital technology is a deflationary force in an inflationary economy. Businesses – small and large – can improve productivity and the affordability of their products and services by building tech intensity,” Chairman and CEO Satya Nadella noted.

Microsoft was flat in after-hours trading following the release of the report.

Baha Breaking the News (BBN) / MS