Microsoft’s third quarter 2022 monetary outcomes are right here, and the corporate’s posting double-digit development but once more: income of $49.4 billion and internet earnings of $16.7 billion. Revenue is up 18 %, and that revenue represents a 8-percent leap year-over-year. Microsoft is crediting a piece of this quarter’s development to the cloud, with server and cloud providers income up 29 %.

There was loads of motive to suspect Microsoft would nonetheless sport a smile this quarter. While the PC trade has began to say no from its pandemic highs, it was flagging Chromebook gross sales — not Microsoft Windows machines — that have been accountable for everything of the current dip. Meanwhile, the Xbox simply had its greatest gross sales in 11 years, handily beating the comparatively supply-constrained PS5. Sure sufficient, Microsoft says its “more personal computing” enterprise, together with Windows and Xbox, was up 11 % to $14.5 billion in Q3. although we don’t have a breakout for Xbox {hardware} but — we’re solely seeing a 4 % leap for Xbox content material and providers income.

We have been additionally desperate to see if Microsoft’s large Office and cloud companies additionally stayed rosy as some staff return to bodily workplaces, and the reply is certainly sure: 17 % income development in “Productivity and Business Processes” section this quarter, with Office up 12 % and 11 % within the business and client divisions respectively.

We count on Microsoft will remark additional on all these segments in the course of the earnings name this afternoon, and we’ll add these feedback to this publish.

Microsoft Surface can also be seemingly doing properly at 13 % income improve, after its income surprisingly elevated 8 % final quarter although the corporate beforehand warned of a dip. 2022 is the tenth anniversary of the Microsoft Surface, and we count on the corporate has extra up its sleeves than the lackluster Surface Laptop SE and this fascinating and fancy teleconferencing digicam.

Microsoft’s buy of Activision Blizzard, which is about to make Microsoft the “third-largest gaming company by revenue, behind Tencent and Sony,” seemingly gained’t function in these earnings — the deal isn’t more likely to shut till subsequent yr.

Developing…