Microsoft posted the second quarter of its 2022 financial results today, reporting income of $51.7 billion and a internet revenue of $18.8 billion. Revenue is up 20 p.c, and internet revenue has elevated by 21 p.c.

The PC market simply had one other huge 12 months because of continued pandemic demand, with round 340 million PCs shipped in 2021. This is now Microsoft’s second quarter of Windows 11, and Windows OEM income has elevated by 25 p.c in Q2, 12 months over 12 months. Windows Commercial merchandise and cloud providers income additionally elevated 13 p.c.

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Despite a more healthy PC market, Microsoft did warn that Surface may take a success this quarter, and it surprisingly didn’t. Surface income has elevated 8 p.c for Q2, simply after the software program big launching its Surface Pro 8 and Surface Laptop Studio in October. Microsoft says its Surface income enhance was pushed by Surface Laptop.

2022 marks 10 years of Surface, and Microsoft is about to rejoice with a number of product refreshes all year long, in keeping with sources acquainted with the corporate’s plans. So far, we’ve seen a matte black model of the Surface Go 3, however we’re solely a month into 2022.

Microsoft’s Xbox Series X / S consoles have been on sale for greater than a 12 months now, and {hardware} income is up 4 p.c, because of continued demand for these new consoles. Microsoft’s total gaming income can be up by 8 p.c after the corporate set a report $3.6 billion for the quarter in its earlier Q1 2022 earnings. Xbox content material and providers income additionally elevated 10 p.c 12 months over 12 months.

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Microsoft additionally revealed earlier this month that Xbox Game Pass has grown to 25 million subscribers, because of latest huge releases like Halo Infinite and Forza Horizon 5. In 2021, Xbox Game Pass added iconic Bethesda video games, with 20 in whole on the service, together with Dishonored, Doom, The Elder Scrolls, Fallout, and Wolfenstein.

Microsoft is now waiting for its deliberate $68.7 billion acquisition of Activision Blizzard. The buy is anticipated to shut in fiscal 12 months 2023, and it’ll see Microsoft publish franchises like Warcraft, Diablo, Overwatch, Call of Duty, and Candy Crush. Microsoft’s big funding additionally means the corporate has shaped a devoted Microsoft Gaming division, with Phil Spencer taking on as CEO. This will now probably be mirrored in Microsoft’s subsequent quarterly earnings, the place we would get some new insights into Microsoft’s rising gaming enterprise.

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