Microsoft has reported its Q3 for the financial year of 2022, and the revenue was $49.4 billion, up 18% year-on-year, with an operating income of $20.4 billion, up 19%.

One of the relevant stats in there is search and news advertising revenue, excluding traffic acquisition costs, increased 23% year-on-year.

“Going forward, digital technology will be the key input that powers the world’s economic output,” said Satya Nadella, chairman and chief executive officer of Microsoft. “Across the tech stack, we are expanding our opportunity and taking share as we help customers differentiate, build resilience, and do more with less.”

“Continued customer commitment to our cloud platform and strong sales execution drove better than expected commercial bookings growth of 28% and Microsoft Cloud revenue of $23.4 billion, up 32% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

[microsoft.com...]