Microsoft has just published its latest financial results, those for the third quarter of fiscal year 2022. As usual on Xboxygen, we are particularly looking at the figures concerning the Xbox division, but not only.
Xbox continues to grow at Microsoft
Microsoft’s Gaming division is part of the More Personal Computing arm, which also includes Windows business, Surface devices and revenue. It is within this branch that the figures concerning Xbox have been released, and the brand is still growing.
- Hardware revenues are up 14% compared to last year. Microsoft specifies that these are driven by the demand for Xbox Series X and Xbox Series S which remains strong. Microsoft says this growth is higher than expected. We continue to follow Xbox Series X stock status and to alert you on Discord and our other channels regularly.
- Revenue from Xbox content and services is up 4%. Microsoft clarifies that they are compared to a very strong previous year, and that they are due to the growth of Xbox Game Pass as well as games first party while revenues from third party games are rather in decline. The poor sales of Call of Duty Vanguard must play on this last point.
- Overall, revenue generated by Gaming is up 6%.
Overall, Microsoft’s turnover for this last quarter reached 49.4 billion dollars, a significant increase of +18% compared to last year. Better still, operating income reached 20.4 billion dollars, an increase of +19%.
All signals are green at Microsoft with growth in each division. We can for example cite Linkedin with revenues up 34% or the branch dedicated to the Cloud which recorded 19.1 billion in revenues, up 26%. The latter is the one that weighs the most in the results of the company today. Here are the details of the three big divisions:
- Productivity and Business Processes generates 15.8 billion (+17%). This is the branch that contains LinkedIn or Office services.
- Intelligent Cloud was generates 19.1 billion (+26%)
- More Personal Computing generates 14.5 billion and (+11%). This is the branch that contains Xbox, Surface, Windows and .
“Going forward, digital technology will be the key element that fuels global economic output,” said Satya Nadella, president and CEO of Microsoft.