Microsoft Q2 FY17 Earnings: Azure revenue grew 93%

Microsoft today announced FYQ2 2017 earnings results. Revenue was $24.1 billion and the operating income was $6.2 billion. Net income was $5.2 billion GAAP, and $6.5 billion non-GAAP.

Revenue in Intelligent Cloud was $6.9 billion and increased 8% (up 10% in constant currency), with the following business highlights:

  • Server products and cloud services revenue increased 12% (up 14% in constant currency) driven by double-digit annuity revenue growth
  • Azure revenue increased 93% (up 95% in constant currency) with Azure compute usage more than doubling year-over-year
  • Enterprise Services revenue decreased 4% (down 2% in constant currency) with declines in custom support agreements offset by growth in Premier Support Services and consulting

Server products revenue grew 5% with server products premium revenue growing in double digits.

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