The full GAAP results are summarised as:
- Revenue: Over the quarter, Microsoft's sales were $22.1bn, up eight per cent year-on-year and up nearly $2bn on the previous quarter.
- Operating income: This rose slightly to $5.6bn, up $400m from the last quarter and up six per cent on the year.
- Net income: Microsoft's profitability is up 28 per cent on the year-ago quarter at $4.8bn, or about $53.3m per day in the quarter. The firm said it expected profit growth to continue to be strong. Gross margin grew seven per cent.
- Earnings per share: EPS also showed strong growth at $0.61, up 30 per cent. Microsoft also spent $4.6bn in dividends to shareholders and stock buybacks to keep the share price high.
- Productivity and Business Processes: Revenues were up 22 per cent at $8bn. Office 365 was the star performer in this quarter, with revenues growing 45 per cent while Office commercial product and cloud services revenues were up seven per cent.
- Intelligent Cloud: Cloud revenues rose 11 per cent at $6.8bn, driving largely by Azure growth. Azure revenues were up 93 per cent and its margin improved as well to 51 per cent, up from 48 per cent. Overall server products and cloud services saw sales increases of 15 per cent.
- More Personal Computing: As last quarter, Microsoft saw revenues decline in its traditional PC business, down seven per cent at $8.8bn. While OEM revenues showed signs of life at up five per cent and Windows commercial product and cloud revenues up six per cent, it was Surface that dragged the results lower.
It's clear that things are more than OK overall in terms of operating finances, but what the world wants to see from Microsoft is a new Surface Pro and, hopefully, other mobile solutions in the next 6 to 12 months.