Microsoft announced their financial results for the quarter ended December 31, 2017.
Microsoft CEO Satya Nadella says, “This quarter’s results speak to the differentiated value we are delivering to customers across our product solutions and as the hybrid cloud provider of choice.
“Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth.”
GAAP results include a net charge of $13.8 billion related to TCJA, which is excluded from their non-GAAP results.
Microsoft returned $5.0 billion to shareholders in the form of share repurchases and dividends in the second quarter of the fiscal year 2018.
Microsoft EVP Amy Hood says, “We delivered another strong quarter with commercial cloud revenue growing 56% year-over-year to $5.3 billion.
"Strong execution from our sales teams and partners is driving growth across our businesses.”
Revenue in productivity and business processes was $9.0 billion and increased by 25%.
Office commercial products and cloud services revenue increased 10% (up 10% in constant currency) driven by Office 365 commercial revenue growth of 41%.
Server products and cloud services revenue increased 18% driven by Azure’s revenue growth of 98%.
Enterprise services revenue increased 5% driven by premier support services.
Windows commercial products and cloud services revenue decreased 4% due to the impact of a prior year's large deal.
LinkedIn also contributed revenue of $1.3 billion during the quarter with sessions growth of over 20% for the fifth consecutive quarter.