Browse Prior Earnings Releases:
Earnings Release FY22 Q4
Productivity and Business Processes
Revenue increased $9.4 billion or 18%.
• Office Commercial products and cloud services revenue increased $4.4 billion or 13%. Office 365 Commercial revenue grew 18% driven by seat growth of 14%, with continued momentum in small and medium business and frontline worker offerings, as well as growth in revenue per user. Office Commercial products revenue declined 22% driven by continued customer shift to cloud offerings.
• Office Consumer products and cloud services revenue increased $641 million or 11% driven by Microsoft 365 Consumer subscription revenue. Microsoft 365 Consumer subscribers grew 15% to 59.7 million.
• LinkedIn revenue increased $3.5 billion or 34% driven by a strong job market in our Talent Solutions business and advertising demand in our Marketing Solutions business.
• Dynamics products and cloud services revenue increased 25% driven by Dynamics 365 growth of 39%.
Operating income increased $5.3 billion or 22%.
• Gross margin increased $7.3 billion or 17% driven by growth in Office 365 Commercial and LinkedIn. Gross margin percentage was relatively unchanged. Excluding the impact of the change in accounting estimate, gross margin percentage increased 2 points driven by improvement across all cloud services.
• Operating expenses increased $2.0 billion or 11% driven by investments in LinkedIn and cloud engineering.
Gross margin and operating income both included an unfavorable foreign currency impact of 2%.
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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards