The profits were down in the GAAP numbers which involved Microsoft deferring $1.9 billion in revenues. In the non-GAAP (traditional) numbers, revenues were down

The profits were down in the GAAP numbers which involved Microsoft deferring $1.9 billion in revenues. In the non-GAAP (traditional) numbers, revenues were down 2 percent but profits up by 8 percent. This is why the shares jumped in after-hours trading. Otherwise, yes, revenues in the More Personal Computing division were down (with the PC market) while Intelligent Cloud division revenues were up slightly.