Microsoft posts $20.5B revenue for July-September 2016 quarter
On Thursday, Microsoft posted the financial results for the July-September 2016 quarter -- the company's fiscal 2017 first quarter -- reporting a quarterly revenue figure of $20.5 billion.
The $20.5 billion revenue reported by Microsoft for the mentioned quarter marked a negligible increase over the revenue generated by the company in the same quarter last year. The company's earnings per share in the reporting quarter dropped 2 percent year-on-year to $0.60.
According to the figures shared by Microsoft, the company's net income during the July-September 2016 quarter stood at $4.7 billion; marking a 4 percent year-on-year plunge. The operating income reported by the company for the latest quarter was $5.2 billion, underscoring an 8 percent year-on-year decline.
The financial results reported by Microsoft for the July-September 2016 quarter were largely driven by the revenue generated by its Intelligent Cloud segment and its Productivity and Business Processes segment.
Microsoft's Intelligent Cloud segment - which includes Azure and Windows Server - witnessed an 8 percent year-over-year increase in revenue to $6.4 billion; while the Productivity and Business Processes segment, which includes Office 365 and Dynamics, saw a 6 percent increase in revenue to $6.7 billion.
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