25 January, Microsoft released results for the second quarter of fiscal year 2022. The report was better than expected, and MSFT shares grew by 1,2%, from 288.5 to 292 $.
Financial results
Compared to Q2 FY 2021:
- revenue — 51.7 billion dollars (+20%);
- operating profit — $22.2 billion (+24%);
- net profit — 18.8 billion dollars (+21%).
And here is how sales grew in each of the operating segments.
Productivity and Business Processes — приложения Office, social network LinkedIn, Dynamics Business Applications - $15.9 billion (+19%).
Intelligent Cloud - Azure cloud service, Windows Server and SQL Server server products - $18.3 billion (+26%).
More Personal Computing — ОС Windows, video games and Xbox subscriptions, Surface laptops and tablets, advertising - $17.5 billion (+15%).
The fastest growing service is once again the Azure cloud. The company does not disclose income, who brings the cloud, but leads to growth. In the last quarter, Azure's revenue grew by 46%. It's a little less, than in the previous four quarters. Then sales increased by 50%.
Added a good gaming segment: games and subscriptions +10%, Xbox Series consoles - +4%. In total, the gaming direction compared to the same quarter of 2020 increased by 8%, up to $5.4 billion. This 11% of total revenue.
Microsoft continues to develop its gaming segment. In 2020, the company announced the purchase of ZeniMax, a developer and publisher of such games., like Doom, The Elder Scrolls, Fallout, Quake and Wolfenstein - for $7.5 billion. Recently, Microsoft also announced the acquisition of a larger game developer - Activision Blizzard.. The company plans to spend 68.7 out of 125.4 billion dollars on the deal., that are on her account.
According to Microsoft, in the current quarter, total revenue will grow by about 17%, up to $48.9 billion. Analyst Expectations - $48.2 billion.
What about stocks
Against the backdrop of sell-offs in technology stocks, Microsoft paper has fallen by 14,2%. The technology index lost almost as much Nasdaq — 13,5%. Index S&P 500 over the same period fell by 8,6%.
