In our pre-earnings note, we noted that cloud services would boost revenues across the Productivity and Business Processes and the Intelligent Cloud segments. During the quarter, Microsoft reported that its Office commercial products and cloud services revenue grew 5% (up 7% in constant currency), driven by Office 365 commercial revenue growth of 47% (up 49% in constant currency). During the quarter, Dynamics products and cloud services revenue grew 7% (up 9% in constant currency) driven by Dynamics online revenue growth. While server products and cloud services revenue grew by 12% (14% in constant currency), driven by growth in Microsoft SQL Server, adoption of the cloud-based Azure platform resulted in 93% growth (95% in constant currency) in its revenues. Microsoft reported that its Windows OEM non- Pro licensing revenues grew by 5% and its OEM Pro revenue grew by 6%.

Source: Forbes January 27, 2017 18:52 UTC