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Microsoft reports surging net income in Q2

SAN FRANCISCO
2022-01-26 16:00

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SAN FRANCISCO, Jan. 26 (Xinhua) -- Microsoft on Tuesday announced its financial results for the quarter ending Dec. 31, 2021, posting revenues of 51.7 billion U.S. dollars, a 20-percent increase year on year.

The company's quarterly net income was 18.8 billion dollars, up by 21 percent year on year.

Its operating income was up 24 percent to 22.2 billion dollars. Revenue in Productivity and Business Processes was 15.9 billion dollars and increased 19 percent. Revenue in Intelligent Cloud was 18.3 billion dollars, up by 26 percent. Revenue in More Personal Computing was 17.5 billion dollars and increased 15 percent, the company said.

Microsoft's posted 2.48 dollars of diluted earnings per share, an increase of 22 percent from a year ago.

The company returned 10.9 billion dollars to shareholders in the form of share repurchases and dividends in the second quarter of the fiscal year 2022, a 9-percent increase year on year.

"As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose," said Satya Nadella, chairman and chief executive officer of Microsoft.
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