Microsoft’s commercial cloud revenues hit $22.1 billion for its second fiscal 2022 quarter, marking the second time its quarterly cloud revenues passed $20 billion.
Microsoft’s commercial cloud revenues hit $22.1 billion, up 32 percent year-over year, in its second quarter for fiscal 2022. Revenue across the board was $51.7 billion, up 20 percent year-over-year, and net income was $18.8 billion, up 21 percent compared to the year-ago Q2. Earnings per share were $2.48, up 22 percent. Wall Street was predicting Microsoft would come in at $50.9 billion for its fiscal second quarter, with profits of $2.31 a share. This was the first time that Microsoft passed $50 billion in a quarter, officials said during its earnings report on January 25.
