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Microsoft revenue was $20.6 billion GAAP

Staff Writer |
Microsoft Corp. announced results for the quarter ended June 30, 2016. Revenue was $20.6 billion GAAP, and $22.6 billion non-GAAP.

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Operating income was $3.1 billion GAAP, and $6.2 billion non-GAAP. Net income was $3.1 billion GAAP, and $5.5 billion non-GAAP. Diluted earnings per share was $0.39 GAAP, and $0.69 non-GAAP.

“This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations,” said Satya Nadella, chief executive officer at Microsoft.

“The Microsoft Cloud is seeing significant customer momentum and we’re well positioned to reach new opportunities in the year ahead.”

The current quarter effective tax rate reflected a favorable mix of our income between the U.S. and foreign countries, as well as benefits associated with distributions from foreign affiliates.

As such, the GAAP and non-GAAP tax rates were 7% and 15%, respectively.

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