Microsoft FY18 Q2 earnings: $28.9 billion in revenue backed by cloud, Office growth

Revenues for Microsoft's second quarter were up to $28.9 billion, backed by continued cloud services growth.

Microsoft has released its earnings report for FY18 Q2, showing revenues of $28.9 billion and $7.5 billion in non-GAAP net income. That's up from the same period a year ago, during which Microsoft brought in $25.8 billion in revenue and $6.2 billion in net income.

Here are the highlights from this quarter's release:

• 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)

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