Microsoft Office, Windows, and cloud boosts Q1 2022 earnings

Illustration by Alex Castro / The Verge

Microsoft posted the first quarter of its 2022 financial results today, reporting revenue of $45.3 billion and a net income of $20.5 billion (GAAP). Revenue is up 22 percent, and net income has increased by 48 percent. Microsoft has seen strong revenue performance in its cloud, server, and Office businesses this quarter.

Microsoft might have just launched Windows 11 earlier this month, but in the months ahead of this new version of Windows, PC sales have started to decline in the US due to supply issues.

That doesn’t seem to have impacted Microsoft’s Windows revenues, though. Windows OEM revenue has increased by 10 percent this quarter, despite what Microsoft calls “continued PC demand impacted by supply chain constraints.”

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