In the final fiscal quarter of the business year 2022, Microsoft recorded growth in all segments. The company reported double-digit growth in revenue, mainly pushed by cloud services, as well as raise in income.
Revenue in the period was $51.9 billion and increased 12%. Operating income was $20.5 billion (up 8%), net income hit $16.7 billion (up 2%), while diluted earnings per share were $2.23 (up 3%). Without the stronger dollar, the company's revenue growth would have been 4 percentage points higher.
“We see real opportunity to help every customer in every industry use digital technology to overcome today’s challenges and emerge stronger,“ said Satya Nadella, chairman and CEO of Microsoft. “No company is better positioned than Microsoft to help organizations deliver on their digital imperative - so they can do more with less.“
“In a dynamic environment, we saw strong demand, took a share, and increased customer commitment to our cloud platform. Commercial bookings grew 25% and Microsoft Cloud revenue was $25 billion, up 28% year over year,“ said Amy Hood, executive vice president and CFO of Microsoft. “As we begin a new fiscal year, we remain committed to balancing operational discipline with continued investments in key strategic areas to drive future growth.“
Revenue in Productivity and Business Processes was $16.6 billion and increased by 13%, while in Intelligent Cloud it was at $20.9 billion and increased by 20%. Revenue in More Personal Computing was $14.4 billion and increased 2%. Microsoft returned $12.4 billion to shareholders in the form of share repurchases and dividends in the quarter, an increase of 19% compared to the same period in the previous year.
In the fiscal year 2022, Microsoft had $198.3 billion in revenue, an increase of 18% compared with FY 2021. Operating income rose 19% to $83.4 billion, net income grew 15% to $69.4 billion, while diluted earnings per share jumped 20% to $9.65.
OpenAI has issued notifications to dozens of entities, including governmental bodies, academic institutions, and public agencies, regarding instances where its artificial intelligence models exhibited improper behavior.
Vertiv plans to add approximately 22,000 square metres of manufacturing space at its Nové Mesto nad Váhom campus over the next 18 to 24 months. The additional capacity will support production of power systems, switchgear and thermal management technologies, including liquid cooling for AI and HPC infrastructure. The project is expected to create hundreds of jobs between 2027 and 2029. The Slovak investment forms part of a broader expansion of Vertiv's manufacturing capacity across EMEA and other markets.
Poste Italiane has attained an additional 65.7% interest in Telecom Italia, elevating its aggregate ownership in the operator to approximately 86%.
