Microsoft has revealed its financial results for 2022, with revenue of $51.7 billion and net income of $18.8 billion, referring to the quarter ended December 31, 2021. Revenue rose 20% and profit 21%. A good part of these good results, the company points out, can be attributed to the Microsoft Office, Windows and Cloud Services.
In an investor conference call, Microsoft CEO Satya Nadella stated that the company is seeing a structural shift in demand for PCs. of users. Microsoft reveals that the Windows 10 and Windows 11 are present on 1.4 billion monthly active devices.
About 340 million PCs were sold around the world in 2021, a significant increase continues to be potentiated by the effects of the pandemic. In addition to an extremely healthy computer market, the company is also seeing its gaming division grow exponentially.
Microsoft’s gaming division also grew
Microsoft also revealed the earnings of the Xbox division. With expressive increase of 17.7%, the Xbox division had revenue of US$ 16.28 billion in the year 2021.The current Xbox momentum looks like it will continue through 2022, especially if the Activision/Blizzard acquisition goes through and games like Bethesda’s Starfield are released later this year.
Xbox revenues grew in all areas, including hardware, software and services. During the year, services and content revenues increased 8.8% to $12.6 billion, thanks to growth in Game Pass, which now has 25 million subscribers, in addition to the success of titles like Forza Horizon 5 and Halo Infinite. Hardware revenue also showed a significant increase of 63.3% compared to the previous year.
As we can see, Microsoft is reaping high returns on its products and is expected to continue growing throughout the year 2022.
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Source: The Verge