Microsoft Q1 FY2017 by the numbers: $22.34 billion revenue, $5.98 billion profit

Microsoft has posted its earnings for Q1 FY2017 (Q3 CY2016), revealing revenue of $22.34 billion, operating income of $7.1 billion, net income of $5.98 billion, and earnings per share of $0.76 cents. The software giant beat analyst expectations of $21.71 billion in revenue and EPS of $0.68. The stock is up around 5.5 percent over yesterday, with shares trading at over $60 -- a record value for the company. How do the latest numbers compare to Q1 FY2016? A year ago Microsoft reported revenue of $21.66 billion, operating income of $7.07 billion, net income of $5.66 billion and EPS of $0.70. So the… [Continue Reading]