Microsoft reports Q3 Cloud revenue $54.5B, up 29%

Revenue in Productivity and Business Processes was $35.0 billion and increased 17% (up 13% in constant currency), with the following business highlights: Microsoft (MSFT) 365 Commercial cloud revenue increased 19% (up 15% in constant currency); Microsoft 365 Consumer cloud revenue increased 33% (up 29% in constant currency); LinkedIn revenue increased 12% (up 9% in constant currency); Dynamics 365 revenue increased 22% (up 17% in constant currency). Revenue in Intelligent Cloud was $34.7 billion and increased 30% (up 28% in constant currency). Windows OEM and Devices revenue decreased 2% (down 3% in constant currency); Xbox content and services revenue decreased 5% (down 7% in constant currency); Search advertising revenue excluding traffic acquisition costs increased 12% (up 9% in constant currency).