(Updated - January 28, 2016 4:07 PM EST)

Microsoft (NASDAQ: MSFT) reported Q2 EPS of $0.78, $0.07 better than the analyst estimate of $0.71. Revenue for the quarter came in at $25.7 billion versus the consensus estimate of $25.26 billion.

“Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas,” said Satya Nadella, chief executive officer at Microsoft. “Businesses are also piloting Windows 10, which will drive deployments beyond 200 million active devices.”

Revenue in Productivity and Business Processes declined 2% (up 5% in constant currency) to $6.7 billion, with the following business highlights:

• Office commercial products and cloud services revenue grew 5% in constant currency driven by Office 365 revenue growth of nearly 70% in constant currency
• Office 365 consumer subscribers increased to 20.6 million
• Dynamics revenue grew 11% in constant currency with Dynamics CRM Online seat adds more than doubling year-over-year for the fifth consecutive quarter

Revenue in Intelligent Cloud grew 5% (up 11% in constant currency) to $6.3 billion, with the following business highlights:

• Server products and cloud services revenue grew 10% in constant currency
• Azure revenue grew 140% in constant currency with revenue from Azure premium services growing nearly 3x year-over-year
• Over one third of the Fortune 500 have chosen our Enterprise Mobility solutions, up nearly 3x year-over-year

Revenue in More Personal Computing declined 5% (down 2% in constant currency) to $12.7 billion, with the following business highlights:

• Windows OEM revenue declined 5% in constant currency, outperforming the PC market, driven by higher consumer premium and mid-range device mix
• Surface revenue increased 29% in constant currency driven by the launch of Surface Pro 4 and Surface Book
• Phone revenue declined 49% in constant currency reflecting our strategy change announced in July 2015
• Search advertising revenue excluding traffic acquisition costs grew 21% in constant currency with continued benefit from Windows 10 usage
• Xbox Live monthly active users grew 30% year-over-year to a record 48 million

For earnings history and earnings-related data on Microsoft (MSFT) click here.