Microsoft reports $1.9 billion in gaming revenue in FY17 Q1 earnings

Microsoft has released its earnings report for FY17 Q1, revealing $22.3 billion in non-GAAP revenue and $6 billion in net income. That's up from the same quarter a year ago, which saw Microsoft bring in $21.6 billion in non-GAAP revenue on $5.7 billion in net income. Also worth noting is that this FY17 Q1 release is the first time Microsoft has reported gaming revenue, which comes in at $1.9 billion for the quarter.

Here are the highlights from the release:

  • Revenue was $20.5 billion GAAP, and $22.3 billion non-GAAP
  • Operating income was $5.2 billion GAAP, and $7.1 billion non-GAAP
  • Net income was $4.7 billion GAAP, and $6.0 billion non-GAAP
  • Diluted earnings per share was $0.60 GAAP, and $0.76 non-GAAP

Further down in the report, Microsoft notes that while Windows OEM revenue was flat year-over-year, it saw phone revenue decline by a whopping 72%. Gaming revenue is also down slightly by 5% compared to the same period last year. As usual, Microsoft will be holding a conference call and webcast at 2:30 p.m. Pacific time / 5:30 p.m. Eastern time at its investor site to discuss the earnings.

Dan Thorp-Lancaster

Dan Thorp-Lancaster is the former Editor-in-Chief of Windows Central. He began working with Windows Central, Android Central, and iMore as a news writer in 2014 and is obsessed with tech of all sorts. You can follow Dan on Twitter @DthorpL and Instagram @heyitsdtl