Microsoft posts Q1 2014 results, shows record revenues

0

Microsoft has posted its earnings for the first (financial) quarter of 2014, reporting record revenues for the company in spite of a few dips in areas like Windows OEM.

The company has reported that it saw gross revenues of $18.529 billion, up from $16.008 billion from the same period last year. Net income (that’s profit, folks) for the company over the quarter was $5.2 billion thanks to several sectors which saw growth. About the only area which dipped was Windows’ OEM  market, something which can be blamed on the general global decline of the PC market.

Everything else, from ad revenue to sales of Surface tablets to Xbox 360 consoles (yes, those are still selling) contributed to Microsoft’s improved performance over the quarter.

Microsoft’s chief financial office Amy Hood said in a  statement  “We saw strong focus across our teams, generating record first-quarter revenue even as we navigate a fundamental business transition. Our enterprise renewals were very healthy and our devices and consumer business continued to improve.”

Source: Ars Technica

Share.

About Author

Leave A Reply