Microsoft has published its earnings report for fiscal year Q2 2017. These are the key facts:
- 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
Azure and Microsoft’s entire cloud business are the main driver of the company’s revenue. The Azure revenue increased by 93% and also server products and cloud services revenue increased by 12%. Microsoft is also making more money out of Windows. The Windows OEM revenue increased by 5%.
Surface fall in revenue by 2% but this is not a big surprise because Microsoft has not released a Surface Pro 5 or a Surface Book 2 yet. Office is still doing well. The revenue has increased by 5% and it is mainly driven by Office 365′ commercial revenue growth of 47%.
To sum up, Q2 2017 has been a very successful for Microsoft. Both the Cloud and the Office Business are continuing their growth which is very nice to see.
The full earnings report can be found here.