Microsoft Corporation Q2 FY2022 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Record quarterly revenue of $51.7 billion, up 20% year-over-year (compared to FY2021 Q2).
  • Microsoft Cloud revenue reached $22.1 billion, up 32% year-over-year.
  • Earnings per share were $2.48, an increase of 22% from the prior-year period.
  • Strong demand across Azure, security, Dynamics 365, Power Platform, and Microsoft 365 contributed to broad-based strength.
  • FX impact was neutral to revenue growth this quarter vs expectations of a 1‑point benefit.

Key Business Segment Highlights

Productivity and Business Processes

  • Segment revenue: $15.9 billion, up 19% year-over-year.
  • Office 365 Commercial revenue grew 19%; paid seats up 16% from last year.
  • Office Consumer revenue grew 15%; Microsoft 365 consumer subscribers reached 56.4 million (up 19%).
  • Dynamics revenue up 29%; Dynamics 365 up 45%.
  • Power Apps revenue grew 161% year-over-year, showing rapid adoption.
  • LinkedIn revenue grew 37%, benefiting from strong job market trends.

Intelligent Cloud

  • Segment revenue: $18.3 billion, up 26% year-over-year.
  • Azure and other cloud services grew 46% (same growth rate as last quarter in constant currency).
  • Server products and cloud services revenue grew 29% year-over-year.
  • Enterprise Mobility and Security installed base reached 209 million seats, up 28%.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Operator: Greetings, and welcome to the Microsoft Fiscal Year 2022 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brett Iversen, General Manager, Investor Relations. Thank you. You may begin. Brett Iversen: Good afternoon, and thank you for joining us today. On the call with me are Satya Nadella, Chairman and Chief Executive Officer; Amy Hood, Chief Financial Officer; Alice Jolla, Chief Accounting Officer; and Keith Dolliver, Deputy General Counsel. On the Microsoft Investor Relations website, you can find our earnings press release and financial summary slide deck, which is intended to supplement our prepared remarks during today's call and provides the reconciliation of differences between GAAP and non-GAAP financial measures. Unless otherwise specified, we will refer to non-GAAP metrics on the call. The non-GAAP financial measures provided should not be substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. They are included as additional clarifying items to aid investors in further understanding the company's second quarter performance in addition to the impact these items and events have on the financial results. All growth comparisons we make on the call today relate to the corresponding

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional