Microsoft's reports rising revenues thanks to Office, Surface, and cloud services

Microsoft posted its first quarter of its 2017 fiscal earnings today, reporting revenue of $20.5 billion and net income of $4.7 billion. The highlights of Microsoft's latest earnings come in the form of Office and Cloud. Office commercial revenue grew 5 percent, while Office consumer revenue was up 8 percent in the latest quarter. Revenue in what Microsoft describes as "intelligent cloud" rose 8 percent, with Azure revenue up 116 percent, and server revenue up 11 percent.

On the Windows side, OEM revenue was flat year-over-year, but phone revenue decreased a massive 72 percent. Considering Microsoft has given up on phone hardware, that's hardly a surprise, and it's likely we'll see this decrease further in future quarters. Gaming...

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