MICROSOFT CORP. - Earnings Release FY22 Q1

October 26, 2021 — Microsoft Corp. today announced the following results for the quarter ended September 30, 2021, as compared to the corresponding period of last fiscal year:

• Revenue was $45.3 billion and increased 22%
• Operating income was $20.2 billion and increased 27%
• Net income was $20.5 billion GAAP and $17.2 billion non-GAAP, and increased 48% and 24%,respectively
• Diluted earnings per share was $2.71 GAAP and $2.27 non-GAAP, and increased 49% and 25%,respectively
• GAAP results include a $3.3 billion net income tax benefit explained in the Non-GAAP Definition section below

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