Microsoft Corp. (NASDAQ: MSFT) reported first quarter 2022 earnings results today.
Revenue increased 22% year-over-year to $45.3 billion.
GAAP net income rose 48% to $20.5 billion while EPS grew 49% to $2.71. Adjusted net income increased 24% to $17.2 billion while adjusted EPS rose 25% to $2.27.
Both revenue and earnings beat expectations.
Microsoft returned $10.9 billion to shareholders in the form of share repurchases and dividends in Q1 2022.