Microsoft has announced that for the third calendar quarter of 2013 (which is considered the first quarter of 2014 in Microsoft's fiscal year) the company generated $18.53 billion in revenues, along with $5.24 billion in net income. This compares to $16.01 billion in revenues and $4.47 billion in net income from the same period a year ago.
This is the first financial report that Microsoft has issued under its new organization that it announced in July. Under the new structure, revenues from its Devices and Consumer businesses came in at $7.46 billion for the quarter, up four percent. The company added that Windows OEM revenue went down by seven percent. Windows Pro revenue grew for the second consecutive quarter but the company did not provide specifics.· Surface revenue came in at $400 million for the quarter "with sequential growth in revenue and units sold over the prior quarter" but again Microsoft did not provide specifics. ·Search advertising revenue grew 47 percent for the quarter "driven by an increase in revenue per search and volume."
The company's Commercial businesses brought in $11.20 billion, up 10 percent. Microsoft stated that SQL Server revenue went up "double-digits", with SQL Server Premium revenue growing more than 30 percent. Lync, SharePoint, and Exchange went up "double-digits" collectively, but that's all the information Microsoft revealed. Commercial cloud revenue grew a whopping 103 percent.
The company added that $113 million of revenue was deferred for the quarter, which it said was "primarily related to Windows 8.1 pre-sales." Microsoft will offer more information on its earnings later today at 5:30 pm Eastern Time as part of its conference call with financial analysts.
Source: Microsoft | Image via Microsoft