Microsoft reported significant sales growth across its Azure, Dynamics 365 and Office 365 cloud services in its fiscal second quarter, while company executives said the recently completed $26.2 billion acquisition of professional networking site LinkedIn holds the promise of additional growth in the second half of fiscal 2017 and beyond.
„The LinkedIn business solutions: hire, market, sell and learn; represent an expanded market opportunity for Microsoft, and we plan to diligently execute on this opportunity, keeping the member-first ethos in focus,“ CEO Satya Nadella said on an earnings call with financial analysts on Thursday.
For the second fiscal 2017 quarter ended Dec. 31, Microsoft reported revenue of $24.09 billion, up 1.2 percent from just under $23.80 billion in the second quarter of fiscal 2016. Net income for the quarter was $5.20 billion, up 3.6 percent from $5.02 billion one year earlier. Earnings per share were $0.66.
[Related: Microsoft Closes $26.2B LinkedIn Acquisition, Looks Toward Product Integrations]
Some of the most robust growth during the quarter came from Microsoft’s Productivity and Business Processes segment, which recorded revenue of $7.
