Microsoft Corporation stock price dipped today after earnings. The company announced the following results for the quarter ended December 31, 2017:
· Revenue was $28.9 billion and increased 12%
· Operating income was $8.7 billion and increased 10%
· GAAP net loss was $(6.3) billion and non-GAAP net income was $7.5 billion
· GAAP diluted loss per share was $(0.82) and non-GAAP diluted earnings per share was $0.96
· GAAP results include a $13.8 billion net charge related to the Tax Cuts and Jobs Act (TCJA)
“This quarter’s results speak to the differentiated value we are delivering to customers across our productivity solutions and as the hybrid cloud provider of choice,” said Satya Nadella, chief executive officer of Microsoft. “Our investments in IoT, data, and AI services across cloud and the edge position us to further accelerate growth.”
Earnings Report: http://bit.ly/2npGtLa