Today, Microsoft announced that the company generated $51.7 billion in revenue for the Q2 2022 fiscal quarter. Out of the $51.7 billion, $18.8 billion was net income. Revenue is up 20%, and net income increased by 21%. According to the latest earnings release for investors, cloud services, Office, and Windows boosted the company's earnings over the past few months.
Due to the ongoing COVID-19 pandemic, the demand for computers at home grew. This contributed to more revenue. At the moment, Windows 10 and Windows 11 are being used by 1.4 billion monthly active devices.
The Xbox division also saw an increase in hardware revenue by 4%. Overall revenue is also up by 8%, mostly driven by content and services. Halo Infinite was the star of the show at the earnings call because it has already been played by 20 million gamers. Forza Horizon 5 has also been played by 18 million people.
As mentioned above, services like cloud hosting, LinkedIn, Office, and search grew. The increase in revenue was in the double digits. It seems like almost all Microsoft divisions are doing well despite the challenging COVID-19 times.
Microsoft is working on a massive acquisition of publisher Activision Blizzard at the moment. The deal is expected to go through in late 2022 to early 2023. When that happens, the company will control franchise like Call of Duty, Diablo, Overwatch, and World of Warcraft.