Microsoft has reported its earnings for the third fiscal quarter of 2016, noting GAAP revenues of $20.5 billion, compared to $21.7 billion from the same period a year ago.

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Microsoft's press release stated that GAAP net income came in at $3.8 billion, compared to $4.985 million from the same period a year ago.

"Organizations using digital technology to transform and drive new growth increasingly choose Microsoft as a partner," said Satya Nadella, chief executive officer at Microsoft. "As these organizations turn to us, we're seeing momentum across Microsoft's cloud services and with Windows 10."

In Microsoft's various financial departments, its Productivity and Business Processes went up 1% (up 6% in constant currency) to $6.5 billion. Intelligent Cloud went up 3% (up 8% in constant currency) to $6.1 billion, while More Personal Computing grew by 1%.