Browse Prior Earnings Releases:
Earnings Release FY22 Q3
Intelligent Cloud
Revenue increased $3.9 billion or 26%.
• Server products and cloud services revenue increased $3.8 billion or 29% driven by Azure and other cloud services. Azure and other cloud services revenue grew 46% driven by growth in our consumption-based services. Server products revenue increased 5% driven by hybrid solutions, including Windows Server and SQL Server running in multi-cloud environments.
• Enterprise Services revenue increased $88 million or 5% driven by growth in Enterprise Support Services.
Operating income increased $1.9 billion or 29%.
• Gross margin increased $2.6 billion or 24% driven by growth in Azure and other cloud services. Gross margin percentage decreased. Excluding the impact of the change in accounting estimate, gross margin percentage increased 1 point driven by improvement in Azure and other cloud services, offset in part by sales mix shift to Azure and other cloud services.
• Operating expenses increased $753 million or 17% driven by investments in Azure and other cloud services.
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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards