Tag: Financials

Alphabet, the parent company of Google, has released their Q2 2017 financial report and it is, in a word, impressive.  The company had earning of $26.01 billion US for the quarter, up some 21% over the same quarter in 2016.  This beat analyst expectations which had pegged earnings at just over $25 billion.

Operating income was down to $4.132 billion with an overall operating income margin of 16%.  Both of these were down from the same quarter in 2016.  Net Income was down to $3.54 billion for the quarter.

Microsoft has released their financial report for their fiscal year Q3 2017 that ended in March.  The company reported revenue of $23.6 billion for the quarter which was down slightly from what analysts had expected.  Their expectation was $23.62 billion and it has impacted their stock in after hours trading.  The positive however were around Microsoft’s cloud solutions and Office.  Cloud revenue, principally Azure, were up 11% to $6.8 billion year-over-year.  Productivity and Business Processes increased by 22% with Office products revenue increasing by 7%.  Office consumer products rose 15% and Dynamics saw a 10% for the quarter.

A bit of a surprise in the report was the falling Microsoft Surface revenue.  It fell 26% for the quarter despite the launch of the Surface Studio.  The lack of significant hardware upgrades in the lineup likely impacted this the most and there is only rumor and conjecture at this point when the Surface Pro will get a technology refresh.  Overall, personal technology numbers fell by 7% to $8.8 billion.