Microsoft Reports $4.7 Billion in Net Income for Q1 FY 2017

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Consumer Services, FInance, Industry Announcements, News, Product Development, SaaS and Cloud Services, Subscription Apps /

Last Thursday Microsoft (NASDAQ: MSFT) reported results for its first quarter of the fiscal year 2017, ended September 30, 2016. The company reported net income of $4.7 billion GAAP, operating income of $5.2 billion GAAP, revenue of $20.5 billion GAAP, and diluted earnings per share of $0.60 GAAP. Microsoft CEO Satya Nadella said the company’s first quarter 2017 results reflect continued demand for cloud-based services.

Microsoft Reports $4.7 Billion in Net Income for Q1 FY 2017 Read More »