On January 26th 2017, Microsoft Corporation released their financial results for the second quarter of 2017 that ended on December 31st 2016.
“I am pleased with our results this quarter. We see strong demand for our cloud-based services and are executing well on our long-term growth strategy," said Amy Hood, executive vice president and chief financial officer at Microsoft.
“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.”
In the second quarter of 2017, Microsoft produced GAAP revenue of $24.1 billion, an increase of 1% year-over-year. Non-GAAP revenue was $26.1 billion, up 2% year-over-year.
GAAP operating income generated was $6.2 billion, up 3% year-over-year, while non-GAAP operating income totalled $8.2 billion, representing an increase of 5% year-over-year.
GAAP net income generated was $5.2 billion, up 4% year-over-year, while non-GAAP net income was $6.5 billion, up 6% year-over-year.
Diluted earnings per share (EPS) was $0.66 on a GAAP basis, and non-GAAP earnings per share (EPS) was $0.83, representing growth of 6% and 9% respectively.
Revenue in Productivity and Business Processes was $7.4 billion, increasing 10% year-over-year.
Revenue in Intelligent Cloud was $6.9 billion, showing an increase of 8% year-over-year.
Revenue in More Personal Computing decreased 5% year-over-year to $11.8 billion.
Microsoft completed the acquisition of LinkedIn on December 8, 2016 and the sale of its feature phone business in November 2016. LinkedIn contributed revenue of $228 million for the period beginning on December 8, 2016.
The Stock Market
As of 08:00 GMT on February 16 2017, Microsoft Corporation common stock (NASDAQ: MSFT) is trading at 64.53 USD per share after a drop of 0.06%. The highest weekly close was 64.57 USD.
Microsoft returned $6.5 billion to shareholders in the form of share repurchases and dividends in the second quarter of fiscal year 2017.
Expert CFD traders at GSI Markets are trading Microsoft stock on the MetaTrader4 trading platform. Speak to an expert trader at GSI Markets to make the highest profits on your trades.