The company reports overall growth, but some segments including Xbox content and services start to decline.
Microsoft has released its financial results for the quarter ended June 30, 2022. According to the report, the company's revenue in Q4 2022 reached $51.9 billion which represents a 12% year-on-year increase.
Operating income in the quarter also saw some growth – it amounted to $20.5 billion, up 8% compared to the same period last year. Net income increased slightly, by 2%, reaching $16.7 billion.
The company also pointed out "increased customer commitment" to its cloud platform and shared that commercial bookings in the quarter grew by 25% and Microsoft Cloud revenue was $25 billion which shows a 28% year-on-year increase.
Microsoft, however, noted that recent events like changing macroeconomic conditions negativly influenced some of the company's financial results. For instance, extended production shutdowns in China had a negative impact on Windows OEM revenue of over $300 million and the decision to substantially scale down the company's operations in Russia led to operating expenses of $126 million. Besides, Xbox content and services revenue dropped by 6%.
The report also includes financial results for the full fiscal year ended June 30, 2022. According to it, Microsoft's revenue was $198.3 billion, up 18% compared to the previous year, operating income increased by 19% reaching $83.4 billion, and net income amounted to $72.7 billion GAAP which reflects a 19% growth. You can learn more about Microsoft's financial results here.