Microsoft has announced that for the first calendar quarter of 2014 (which is considered the third quarter of 2014 in Microsofts 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, todays 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