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Microsoft FY17 Q2 earnings: Cloud revenue grew by 8%, Enterprise Services faced loss

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Microsoft, in a press release, yesterday announced the earning report for the quarter ended December 31, 2016. This report throws light on some of the major Microsoft services including Intelligent cloud, Personal computing, Productivity and business processes like Office etc.

Here are some of the key points from the report:

  • Revenue was $24.1 billion GAAP, and $26.1 billion non-GAAP
  • Operating income was $6.2 billion GAAP, and $8.2 billion non-GAAP
  • Net income was $5.2 billion GAAP, and $6.5 billion non-GAAP
  • Diluted earnings per share was $0.66 GAAP, and $0.83 non-GAAP

“Our customers are seeing greater value and opportunity as we partner with them through their digital transformation,” said Satya Nadella, chief executive officer at Microsoft. “Accelerating advancements in AI across our platforms and services will provide further opportunity to drive growth in the Microsoft Cloud.”

https://view.officeapps.live.com/op/embed.aspx?src=https%3A%2F%2Fc%2Es%2Dmicrosoft%2Ecom%3A443%2Fen%2Dus%2FCMSFiles%2FSlidesFY17Q2%2Epptx%3Fversion%3D5021c9d2%2Da7b3%2D71aa%2D062f%2D2ade5be7896e&wdAr=1.7777777777777776

Microsoft is pleased with its Azure cloud platform, and the revenue in Intelligent Cloud was $6.9 billion (8% growth) with over 93% increase in Azure revenue. At the same time, Azure Compute usage has reportedly doubled year-over-year. Similarly, the server products and the associated cloud services have seen an increase of 12% driven by double-digit annuity revenue growth.

However, Microsoft has faced some loss in the Enterprise services and its revenue has decreased by 4% with declines in custom support agreements offset by growth in Premier Support Services and consulting.

You can dive deep into the report on this page here

Shafat

Shafat has more than 5 years of Tech journalism experience. He likes to write about latest Tech and Gadgets. He is a proud Lumia 950 owner and Windows fan. He has been covering Tech and Gadget news on other well-known Tech sites GadgetOx and Nokiapoweruser since long. He loves to code and is a proficient developer.
Write to him at Email: [email protected]

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