Microsoft earnings for Fiscal Year 2015 Q3 released

Microsoft Corp. on Thursday announced its revenues for the quarter ended March 31, 2015 grew to $21.7 billion. The upward growth in the revenue was contributed by increased usage of services like Microsoft Azure, Office 365, Bing and Xbox Live.

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Microsoft Earnings for 2015 Q3

Microsoft’s Devices and Customer revenue marked 8% growth in the quarter, specifically, from Lumia devices sales (sold 8.4 million Lumia phones for $1.4 billion in revenue) and Surface Pro 3 adoption (44% jump in the revenue). Xbox Live usage also witnessed a rise 30 percent with Search ad revenue touching 21 percent mark.

Windows OEM revenue however dropped with the sales of Xbox hardware faltering a bit in the current year so far. Shipments of Xbox consoles were down 20 percent year-over-year for the first quarter of 2015, with 1.6 million units shipped worldwide.

“Customers continue to choose Microsoft to transform their business and as a result we saw incredible growth across our cloud services this quarter,” said Satya Nadella, chief executive officer at Microsoft. “Next week at Build we’re excited to share more about how we’re empowering every individual and organization on the planet to achieve more with the next generation of our platforms.”

“We executed with strong operational and financial discipline again this quarter, and are seeing positive impact from our investments in key growth areas,” added Amy Hood, chief financial officer at Microsoft.

Facing rising pressure from rivals like Google, Microsoft has managed to remain stable in earnings reports. It appears, Satya Nadella’s intensive efforts have started paying off.

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The author Hemant Saxena is a post-graduate in technology and has an immense interest in following Microsoft and other technology developments around the world. Quiet by nature, he is an avid Lacrosse player.