Growth across all major business segments saw Microsoft post strong results for Q3 of 2022. Credit: Martyn Williams/IDG Microsoft posted strong results across the board for its third quarter of 2022, with total revenue increasing by 18% year-over-year to $49.4 billion, thanks in large part to continued growth of its cloud products. Net income for the quarter was $16.7 billion. Microsoft bundles its Azure public cloud services, SQL Server, Windows Server and enterprise services together as Intelligent Cloud, which drove revenue of $19.1 billion in the quarter, increasing by 26% year-on-year. Azure and other cloud services alone jumped 46% in the quarter. Microsoft CEO Satya Nadella told analysts that “it was a record third quarter,” thanks in large part to “the continued strength of the Microsoft Cloud.” Nadella also said that enterprises are adopting Windows 11 at a higher pace than any previous release of the operating system, as illustrated by the 11% growth for its personal computing division, which generated $14.5 billion in revenue. Revenue driven by enterprise productivity software, including Office 365, was up 12% for the quarter and the number of Office 365 consumer subscribers reached 58.4 million, which is 8 million more than this time last year. Despite the strong results, Microsoft CFO Amy Hood said the company was anticipating the ongoing war in Ukraine to continue to impact business towards the end of the financial year, with a “roughly $110 million impact” on revenue but “minimal impact” on operating expenses. Related content news Senators propose $32B on AI spending without firm regulatory oversight After months of meetings with industry experts and AI critics, a group of four US senators published what they say is a comprehensive roadmap for maintaining US leadership in AI development. By Lucas Mearian May 15, 2024 4 mins Regulation Government Generative AI news Meta signals the end of the road for Workplace The enterprise social network was used by millions of workers, but a shift in Meta’s priorities means the app will be phased out over the next two years. By Matthew Finnegan May 15, 2024 3 mins Facebook Collaboration Software Productivity Software news analysis There aren't nearly enough workers to support new US chip production Even as the semiconductor industry hopes to find and recruit skilled workers, a lack of talent could undermine national objectives, push up labor costs, and hinder the returns from the billions of dollars being spent, according to a McKinsey & Co By Lucas Mearian May 15, 2024 10 mins CPUs and Processors Government Manufacturing Industry news Soon, you’ll control your iPhone with a glance Apple has announced a range of accessibility features including Eye Tracking, Music Haptics, and more. By Jonny Evans May 15, 2024 5 mins iPhone iPad Apple Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe