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%.