Windows commercial products and cloud services revenue has also increased by 12 percent, thanks to demand for Microsoft 365.

Windows OEM revenue has increased by 10 percent this quarter, despite what Microsoft calls “continued PC demand impacted by supply chain constraints.” Microsoft’s new Surface Laptop Studio. That doesn’t seem to have impacted Microsoft’s Windows revenues, though. Microsoft might have just launched Windows 11 earlier this month, but in the months ahead of this new version of Windows, PC sales have started to decline in the US due to supply issues. Microsoft has seen strong revenue performance in its cloud, server, and Office businesses this quarter.

Revenue is up 22 percent, and net income has increased by 48 percent. Microsoft posted the first quarter of its 2022 financial results today, reporting revenue of $45.3 billion and a net income of $20.5 billion (GAAP).