Microsoft reports $26.1 billion in Q2 2017 revenue: Azure up 93%, but Phone down 81% and Surface down 2%

Microsoft today reported earnings for its second fiscal quarter of 2017, including revenue of $26.1 billion, net income of $6.5 billion, and earnings per share of $0.83. In Q2 2016, Microsoft saw $25.7 billion in revenue, net income of $6.3 billion, and earnings per share of $0.78.

Analysts had expected Microsoft to earn $25.3 billion in revenue and earnings per share of $0.79. In short, the company beat expectations as well as results in the last year’s quarter. The company’s stock was up 0.93 percent in regular trading, but was relatively flat in after-hours trading (likely due to the poor results for devices). Microsoft said it returned $6.5 billion to shareholders in the form of share repurchases and dividends during the quarter.