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.

Microsoft reports FY17 Q1 results with $22.3 billion in revenue, $6 billion net income

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.

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