Surface could be the next billion dollar business for Microsoft in the very near future as it managed to grab $908 million revenue in the company's latest quarter.
Microsoft announced its financial earnings for the first quarter of the 2015 fiscal year, beating analyst expectations with revenue of $23.2 billion. The report has revealed impressive growth for Microsoft's hardware devices and cloud businesses, out of which the Surface managed to bring in $908 million revenue, showing a 127% year over year growth from last year's $400 million.
On the software and services side of things, Microsoft already has 16 billion dollar businesses which include Windows, Windows Server, Azure, Office, Xbox, SQL Server, System Center, Sharepoint, Visual Studio, Dynamics, Online ads, Phone, Office 365, CAL, Enterprise Services, Enterprise communication software. Now, according to the latest earnings, Surface could join this list by the next quarterly results.
It goes without saying that Surface is generating a billion dollars on an annual basis but Microsoft usually defines its 'billion dollar businesses' as those that can generate that type of revenue on a quarterly basis.