Friday, April 28, 2017

Microsoft Cloud Strength Highlights Third Quarter Results

Microsoft Corp. today announced the following results for the quarter ended March 31, 2017:

  • Revenue was $22.1 billion GAAP, and $23.6 billion non-GAAP
  • Operating income was $5.6 billion GAAP, and $7.1 billion non-GAAP
  • Net income was $4.8 billion GAAP, and $5.7 billion non-GAAP
  • Diluted earnings per share was $0.61 GAAP, and $0.73 non-GAAP

“Our results this quarter reflect the trust customers are placing in the Microsoft Cloud,” said Satya Nadella, chief executive officer at Microsoft. “From large multi-nationals to small and medium businesses to non-profits all over the world, organizations are using Microsoft’s cloud platforms to power their digital transformation.”