Microsoft Q2 2020 earnings and revenue outperform as Commercial Cloud growth continues

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Microsoft topped analyst estimates in its second quarter 2020 results, posting revenue of $36.9 billion, a 14% rise, and earnings per share of $1.51, up 40% GAAP. Operating income was $13.9 billion, up 35%.

“Strong execution from our sales teams and partners drove Commercial Cloud revenue to $12.5 billion, up 39% year over year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

Revenue in Productivity and Business Processes was $11.8 billion and increased 17%. Dynamics products and cloud services revenue increased 12% (up 15% in constant currency) driven by Dynamics 365 revenue growth of 42%. Office Commercial products and cloud services revenue increased 16%.