Friday, April 28, 2017



Microsoft's Surface revenues lower than expected due to both lack of product refresh and competition from its OEM partners




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.”



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