Microsoft Q3 2021 results: Cloud revenue up, Dynamics 365 growth accelerates

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Microsoft announced its 2021 Q3 earnings, beating estimates with revenue of $41.7 billion, up 19%. Net income rose 44% to $15.5 billion and earnings per share were up 45%.

“The Microsoft Cloud, with its end-to-end solutions, continues to provide compelling value to our customers generating $17.7 billion in commercial cloud revenue, up 33% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

Azure revenue grew at 50%, once again. Last quarter, Azure revenue also grew at 50% while commercial cloud revenue increased 34% overall.