Microsoft releases FY17 Q1 earnings: Digital transformations a key driver

Microsoft Corp. has released its earnings for the quarter ended September 30, 2016, and among key highlights:

  • Revenue was $20.5 billion GAAP, and $22.3 billion non-GAAP
  • Operating income was $5.2 billion GAAP, and $7.1 billion non-GAAP
  • Net income was $4.7 billion GAAP, and $6.0 billion non-GAAP
  • Diluted earnings per share was $0.60 GAAP, and $0.76 non-GAAP

Those figures are rather tepid compared to the same quarter in 2015, using GAAP figures. Revenue is unchanged, operating income is down 10% and net income down 4%. Switch to non-GAAP constant currency figures, and revenue is up 5%, operating income 4%, with net income up a substantial 10%.

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About Dann Anthony Maurno

Dann Anthony Maurno is a seasoned business journalist who began his career as International Marketing Manager with Lilly Software, then moved on as a freelancer to write for such prestigious clients as CFO Magazine; Compliance Week;Manufacturing Business Technology; Decision Resources, Inc.; The Economist Intelligence Unit; and corporate clients such as Iron Mountain, Microsoft and SAP. He is the co-author of Thin Air: How Wireless Technology Supports Lean Initiatives(CRC/Productivity Press, 2010).

Dann can be reached at dmaurno@guidepointmedia.com.

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