Microsoft’s latest earnings report revealed $45.3 billion in revenue for the first quarter of fiscal year 22, which runs from July 1 to September 30.
This number represents a 22% jump over last year’s performance and is accompanied by a 27% rise in operating income totaling nearly $20 billion.
Microsoft’s Intelligent Cloud segment generated $17 billion in revenue, followed by Productive Operations and Business with revenue of $15 billion.
Server and cloud products saw a 35% increase in revenue while Azure grew an impressive 50%.
Revenue from Windows sales to OEMs alone saw an increase of 10%, while revenue for Surface products declined 17%, continuing the trend seen in previous earnings reports.
Microsoft Office Commercial and cloud services products saw an 18% increase in revenue with Office 365 alone experiencing 23% growth.
Microsoft paid about $10.9 billion to shareholders in stock buybacks and dividends, which represented a 14% year-over-year increase.