Microsoft posted revenue of $24.1 billion GAAP and $26.1 billion non-GAAP for its quarter ending 31-Dec-2016. Net income was $5.2 billion GAAP, and $6.5 billion 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.”
Some cloud highlights:
- Office commercial products and cloud services revenue increased 5% (up 7% in constant currency) driven by Office 365 commercial revenue growth of 47% (up 49% in constant currency)
- Office consumer products and cloud services revenue increased 22% (up 21% in constant currency) and Office 365 consumer subscribers increased to 24.9 million
- Dynamics products and cloud services revenue increased 7% (up 9% in constant currency) driven by Dynamics 365 revenue growth
- Revenue in Intelligent Cloud was $6.9 billion and increased 8% (up 10% in constant currency), with the following business highlights:
- Server products and cloud services revenue increased 12% (up 14% in constant currency) driven by double-digit annuity revenue growth
- Azure revenue increased 93% (up 95% in constant currency) with Azure compute usage more than doubling year-over-year
- Enterprise Services revenue decreased 4% (down 2% in constant currency) with declines in custom support agreements offset by growth in Premier Support Services and consulting.
