LinkedIn contributed revenue of $1.3 billion during the quarter with sessions growth of over 20% for the fifth consecutive quarter, while gaming revenue increased 8% driven by Xbox hardware revenue growth from the Xbox One X launch. We'll have a better idea of how that revenue compares year-over-year when Microsoft reports its Q3 2018 financial results in a few months, but it's clearly LinkedIn is already a big part of Microsoft and we're starting to see Office integrated with the social network. Microsoft earnings came in at 96 cents per share on a non-GAAP basis, while revenue rose 12% to $28.9 billion. The company reported a net loss in the quarter of 82 cents a share due to a $13.8 billion charge due to tax changes.
The biggest victor this quarter was Microsoft's Productivity and Business Processes segment, which includes Microsoft Office, the Office 365 cloud suite, and the LinkedIn social network. Another wild card revolved around tax changes since Microsoft had $132 billion in offshore cash.
The company's stock was up 2.45 percent in regular trading, but down about 1 percent in after-hours trading.
Train carrying GOP lawmakers to retreat hits trash truck, one dead
Congressman Steve Daines, R-Montana, tweeted from the train that he's ok, but called for prayers for the drivers of the truck. House Speaker Paul Ryan . "We could see two people outside of the truck, neither were moving and it's heart wrenching".
Microsoft CEO Satya Nadella promised that the company is "mobilizing to pursue our extensive opportunity in a 100-plus-billion gaming market" at the company's shareholders meeting in November, and we're starting to see evidence of that. But the sequential rate of growth is narrowing.
Productivity and Business Processes sales jumped 25% in the latest period, while Intelligent Cloud revenue gained 15%. Office 365 commercial licenses showed growth of 41 percent and Dynamics revenue was up 10 percent. This time around, Azure revenue has increased by a massive 98 percent.
Finally, the More Personal Computing segment, which encompasses Windows, Surface, Xbox, and other products, grew 2% from the year-ago period.