Microsoft: $20.40 billion in revenue, $5.66 billion in net income for fiscal Q3 2014

Microsoft has announced that for the first calendar quarter of 2014 (which is considered the third quarter of 2014 in Microsoft's fiscal year) the company generated $20.40 billion in revenues, along with $5.66 billion in net income. Both numbers are slightly lower from the same period a year ago, when Microsoft recorded $20.49 billion in revenues and $6.06 billion in net income. However, today's figures were in line with predictions from most financial analysts.

Devices and Consumer revenue grew 12% to $8.30 billion.

  • Windows OEM revenue grew 4%, driven by strong 19% growth in Windows OEM Pro revenue.
  • Office 365 Home now has 4.4 million subscribers, adding nearly 1 million subscribers in just three months.
  • Microsoft sold in 2.0 million Xbox console units, including 1.2 million Xbox One consoles.
  • Surface revenue grew over 50% to approximately $500 million.
  • Bing U.S. search share grew to 18.6% and search advertising revenue grew 38%.

Commercial revenue grew 7% to $12.23 billion.

  • Office 365 revenue grew over 100%, and commercial seats nearly doubled, demonstrating strong enterprise momentum for Microsoft’s cloud productivity solutions.
  • Azure revenue grew over 150%, and the company has announced more than 40 new features that make the Azure platform more attractive to cloud application developers.  
  • Windows volume licensing revenue grew 11%, as business customers continue to make Windows their platform of choice.
  • Lync, SharePoint, and Exchange, our productivity server offerings, collectively grew double-digits.

Microsoft will offer guidance for future earnings as part of its financial conference call with analysts later today at 5:30 pm Eastern time (2:30 pm Pacific time). CEO Satya Nadella is expected to attend the call.

Source: Microsoft | Image via Microsoft

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