Microsoft posts $20.49 billion in revenues for Q1 2013
The first quarter of 2013 has weighed in fairly well for Microsoft as it announced the Earnings Release for FY13. During this quarter (also considered as the third quarter of 2013 is Microsoft’s fiscal year), the company generated $20.49 billion in revenues along with $6.06 billion in net income. This indicates an increase in the numbers compared to those of last year – $17.41 billion in revenues and $5.11 billion in net income.
The launch of its latest Windows operating system, Windows 8, brought in some good news financially as the Windows division posted revenues of $5.70 billion for the quarter, an increase of 23 percent for the same period a year ago. Meanwhile, the Business division generated $6.32 billion in revenues for the quarter, up eight percent from last year and the Server and Tools division posted figures of $5.04 billion for the quarter, up 11 percent from the same period a year ago.
“Our enterprise business continues to thrive. Enterprise customers are increasingly turning to Microsoft for their IT solutions and as a result, we continue to take share from our competitors in key areas including hybrid cloud, data platform, and virtualization.” – Kevin Turner, Chief Operating Officer, Microsoft
Microsoft’s Online Services Division reported revenues of $832 million for the quarter, up 18 percent from last year while the Entertainment and Devices Division generated revenues of $2.53 billion for the quarter, up 53 percent from the same period a year ago (gained the most comparatively). This division is also home to Xbox business and Microsoft announced there are now 46 million people signed up to use its Xbox Live online service, up 18 percent from the same period a year ago.
This is certainly good news for Microsoft and with Windows Phone 8 catching up in various countries and steadily climbing the market-share table, these figures maybe even better soon. Detailed read here.