Microsoft has released its earnings report for FY17 Q2, revealing $24.1 billion in revenue and $5.2 billion in net income. That's up slightly from the same quarter a year previous, in which Microsoft pulled in $23.7 billion in revenue and $5 billion in net income.

Microsoft FY17 Q2 earnings

Here are some highlights from the release:

  • Revenue was $24.1 billion GAAP, and $26.1 billion non-GAAP
  • Operating income was $6.2 billion GAAP, and $8.2 billion non-GAAP
  • Net income was $5.2 billion GAAP, and $6.5 billion non-GAAP
  • Diluted earnings per share was $0.66 GAAP, and $0.83 non-GAAP

A large contributor to Microsoft's growth this quarter is due to its cloud business, which saw increases across the board. In particular, Intelligent Cloud revenue, which encompasses Azure, enterprise services, server products and cloud services, was up 8% overall. Meanwhile, revenue in Productivity and Business Processes, largely consisting of Office and cloud services offerings, was up 10% in total. Interestingly, Microsoft says LinkedIn contributed $228 million in revenue since its acquisition closed on December 8.

On the other side of things, revenue in what Microsoft labels "More Personal Computing" was down 5% to $11.8 billion, in large part due to an 81% decrease in phone revenue. Gaming revenue also decreased by 3% as Microsoft saw lower Xbox console revenue, but higher Xbox software and services revenue. Interestingly, Xbox Live's active users for the quarter grew 15% to 55 million. Lastly, search and advertising revenue rose 10%, while Windows OEM and Windows commercial products and cloud services were both up by 5%.

As usual, Microsoft will be holding a conference call and webcast at 2:30 p.m. PT / 5:30 p.m. ET at its investor site to discuss the earnings.