Microsoft Reports Q3 FY14 Net Revenues of $5.66 Billion

Microsoft revealed this week that it generated $20.40 billion in revenue and a net income of $5.66 billion in the third quarter of fiscal year 2014. The company attributes those numbers to sales of Xbox consoles. The company says that it sold 2 million Xbox console units over the quarter, including 1.2 million Xbox Ones. We assume the remainders of that number belong to Xbox 360 sales…

"Xbox One has sold in over 5 million units since launch, and engagement has been high with users spending nearly five hours per day on their console," said Amy Hood, executive vice president and chief financial officer, during the earnings following the results.

"We will continue to extend the unique entertainment value proposition of Xbox One, particularly in markets outside of the US where some services aren't as mature. Xbox 360 sales exceeded our expectations this quarter. Across the platform, Xbox Live members continued to embrace the service, with transactional revenue growing 17 per cent. We do expect to work through some inventory in Q4."

The Xbox One business falls under the auspices of Microsoft's Devices and Consumer category, which also includes Office, Surface and Bing. Devices and Consumer revenue rose by 12 percent year-on-year to $8.30 billion. Surface revenue grew over 50 percent to $500 million.

Commercial revenue also grew 7 percent to hit $12.23 billion.

Source: GII

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