Microsoft FY22 Q1 earnings: $45.3 billion in revenue, surpassing forecasts
(Windows Phone Central)

Microsoft`s fiscal year 2022 is off to the races. What you need to know Microsoft has reported its FY22 Q1 earnings. The company managed $45.3 billion in revenue, a 22% year-over-year (YoY) increase. Microsoft Cloud produced $20.7 billion in revenue this past quarter. Microsoft`s FY22 Q1 (fiscal year 2022, quarter one) earnings are in. As is the trend for Microsoft, it increased revenue by a sizeable percentage (22% year over year), coming in with $45.3 billion and beating Wall Street estimates yet another quarter in a row. The company highlighted its earnings as follows: Revenue was $45.3 billion and increased 22% Operating income was $20.2 billion and increased 27% Net income was $20.5 billion GAAP and $17.2 billion non-GAAP, and increased 48% and 24%, respectively Diluted earnings per share was $2.71 GAAP and $2.27 non-GAAP, and increased 49% and 25%, respectively GAAP results include a $3.3 billion net income tax benefit explained in the Non-GAAP Definition se...