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Earnings Release FY22 Q2

NarrativePower BI

Productivity and Business Processes

Revenue increased $2.6 billion or 19%.

Office Commercial products and cloud services revenue increased $1.1 billion or 14%. Office 365 Commercial revenue grew 19% driven by seat growth of 16%, with continued momentum in small and medium business and frontline worker offerings, and growth in revenue per user. Office Commercial products revenue declined 17% driven by continued customer shift to cloud offerings, on a low prior year comparable impacted by a slowdown in transactional licensing.

Office Consumer products and cloud services revenue increased $220 million or 15% driven by Microsoft 365 Consumer subscription revenue. Microsoft 365 Consumer subscribers grew 19% to 56.4 million.

LinkedIn revenue increased $954 million or 37% driven by advertising demand in our Marketing Solutions business and an improving job market in our Talent Solutions business.

Dynamics products and cloud services revenue increased 29% driven by Dynamics 365 growth of 45%.

Operating income increased $1.5 billion or 24%.

Gross margin increased $2.0 billion or 20% driven by growth in Office 365 Commercial and LinkedIn. Gross margin percentage was relatively unchanged. Excluding the impact of the change in accounting estimate, gross margin percentage increased 2 points driven by improvement across all cloud services.

Operating expenses increased $531 million or 13% driven by investments in cloud engineering and LinkedIn.

IMPORTANT NOTICE TO USERS (summary only, click here  for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our  Forms 10-Q and 10-K.

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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards