Microsoft announced the second fiscal quarter of fiscal 2022, and the cloud computing business slowed down and the stock price fell

Today, Microsoft announced its fiscal second quarter 2022 earnings report, showing revenue of $51.7 billion, up 20% year-over-year, and net profit of $18.8 billion, up 21% year-over-year. Microsoft performed well on Windows, Office, and cloud services, boosting revenue in the quarter.

As the COVID-19 pandemic has stimulated demand for PCs, the PC market has seen a bumper harvest in the past year, with about 340 million PC shipments in 2021, and Microsoft has also begun to push a new generation of Windows 11 operating system. The data shows that revenue from the OEM version of the Windows operating system increased by 25% year-on-year, and The revenue from Windows Commercial products and cloud services also increased by 13%. Microsoft CEO Satya Nadella said she has seen a structural shift in PC demand and seen a renaissance in PC as people spend more time on PCs from individuals to homes, both at work and in terms of play.

Microsoft was previously worried about the surface product line's poor performance in the quarter, but in fact it did not happen, after the launch of the Surface Pro 8 and Surface Laptop Studio, the Surface product line quarterly revenue increased by 8%. Microsoft said the revenue growth came mainly from the Surface Laptop. 2022 marks the tenth anniversary of the Surface product line, and Microsoft will launch multiple products to celebrate.

The next-generation Xbox Series X/S console has been on the market for more than a year, with hardware revenue up 4 percent, overall game revenue up 8 percent, and xbox platform content and services revenue up 10 percent year-over-year. Microsoft previously revealed that the subscribers of Xbox Game Pass have increased to 25 million, mainly thanks to Halo Infinite and Forza Horizon 5. Microsoft said the former had more than 20 million players and the latter more than 18 million.

In addition, Office performed well in the quarter, with commercial product and cloud services revenue up 14% year-over-year. Microsoft 365 Consumer Subscribers grew to 56.4 million, up nearly 20 percent year-over-year, and Microsoft will continue to try to entice consumers to use products like Office subscription services and Microsoft Teams. Microsoft's server products and cloud services revenue increased 29% year-over-year, primarily due to growth in Revenue from Azure and other cloud services.

While Microsoft's earnings data is good, its stock price has fallen after the announcement, because the revenue growth rate of Azure-related services is lower than expected, which has caused concerns.