Microsoft's Q3 2017: cloud and Office power growth

Microsoft has published its Q3 fiscal 2017 earnings report, and the company has made $4.8 billion in net income on $22.1 billion in revenue. Both revenue and profit are up from the same period last year, and the company's Office and cloud products continue to help generate big parts of the overall revenue.

Unsurprisingly, Surface revenue is down this quarter. Microsoft has not significantly refreshed its Surface Pro or Surface Book line, and Surface revenue has dipped 26 percent as a result to $831 million. Despite the Surface miss, Windows seems to be recovering from its usual declines. Windows OEM revenue is up 5 percent year-over-year, and Windows commercial products and cloud services revenue also increased by 6 percent compared to...

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