Microsoft reported second quarter 2018 financial results. Revenue was $28.9 billion, a 12% increase compared to $25.8 billion reported in Q2 2017. Revenue in ‘More Personal Computing’ was $12.2 billion, with Windows OEM revenue increasing 4% driven by OEM Pro revenue growth of 11%. Net loss for the quarter was $6.3 billion compared to a net income of $6.3 billion reported in Q2 of 2017. Excluding the $13.8 billion charge related to the Tax Cuts and Jobs Act, net income was $7.5 billion.
Gaming revenue increased 8% (up 8% in constant currency) driven by Xbox hardware revenue growth from the Xbox One X launch and Surface revenue increased 1% (relatively unchanged in constant currency).
