increase in its overall revenue, which was clocked at $37.2 billion in the corresponding quarter of the last fiscal year.

The operating income, which was $15.9 billion, has also witnessed an impressive growth of 25 percent. The net income and the diluted earnings per share has also increased 30 percent and 32 percent respectively.

In a statement shared by Microsoft, Microsoft’s CEO Satya Nadella, said, “The next decade of economic performance for every business will be defined by the speed of their digital transformation. We are innovating across our full modern tech stack to help our customers in every industry improve time to value, increase agility, and reduce costs.”

Amy Hood, executive vice president and CFO of Microsoft, said “Demand for our cloud offerings drove a strong start to the fiscal year with our commercial cloud revenue generating $15.2 billion, up 31 percent year over year. We continue to invest against the significant opportunity ahead of us to drive long-term growth.”

The tech major’s Dynamics products and cloud services revenue was increased 19 percent (up 18percent in constant currency), thanks to Dynamics 365’s revenue growth of 38 percent (up 37 percent in CC). Thee office consumer products & cloud services clocked a combined revenue increase of 13 percent. During the period, the Microsoft 365 consumer subscription based increased to 45.3 million. Revenue in Intelligent Cloud was increased by 20 percent (up 19 percent in CC). The server products and cloud services revenue also witnessed a growth of 22 percent (up 21 percent in CC; the credit goes to Azure’s whopping revenue growth of 48 percent (up 47 percent in CC. LinkedIn recorded a 16 percent growth in its revenues as well.