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 analysis Within two years, 90% of organizations will suffer a critical tech skills shortage Along with AI skills, skills in IT ops and cloud development are severely lacking, IDC reports. By Lucas Mearian May 31, 2024 7 mins Generative AI IT Jobs IT Skills news analysis Google partners with Magic Leap on mixed reality development The Magic Leap collaboration follows Google’s partnership to develop mixed reality devices with Samsung last year. By Matthew Finnegan May 31, 2024 3 mins Augmented Reality Virtual Reality Emerging Technology how-to Microsoft OneDrive cheat sheet: Using OneDrive in Windows If you have Windows 10 or 11, you have OneDrive. With this quick guide, you can learn how to sync, back up, and share files in OneDrive with built-in Windows tools. By Howard Wen May 31, 2024 15 mins OneDrive Cloud Storage Windows analysis Apple's mutating supply chain sees winners and losers Shifting manufacturing centers are generating fresh challenges. By Jonny Evans May 31, 2024 5 mins iPhone Manufacturing Industry 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