Last night, Microsoft announced earnings for its second fiscal quarter, which ended on December 31, 2018. Here, I’d like to dive a bit deeper and analyze what the results mean for the software giant’s core businesses.

Note: As you may know, I usually provide a “morning after” overview of Microsoft’s quarterly earnings in Paul Thurrott’s Short Takes, an often-humorous set of blurbs that appears on Fridays on Petri.com. But with Microsoft moving its earnings announcement from Thursday to Wednesday, I think it makes more sense for me to do this here, and in a non-humorous way.