Cloud, Surface are the highlights of Microsoft’s $23.8 billion quarter
Grazed from ArsTechnica. Author: Peter Bright.
Microsoft posted revenue of $23.8 billion in the second quarter of its 2016 financial year, down 10 percent from the same quarter a year ago. Operating income was $6.0 billion, a 23 percent drop, and net income was $5.0 billion, a 15 percent fall. Earnings per share were $0.78, representing a 13 percent decline.
Just as it has done for the past few quarters, and mirroring Apple’s earnings release earlier this week, Microsoft attributed a substantial part of the decline to the strong dollar. With prices outside the US being increased to preserve their dollar value, non-US sales are becoming decreasingly valuable to Microsoft. This depressed revenue by an estimated $1.2 billion. The company also reports that there was a further $1.9 billion impact from revenue deferrals related to Windows 10 and bundled software…


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