- MICROSOFT GAMES DIVISION PROFIT UPGRADE
- MICROSOFT GAMES DIVISION PROFIT SOFTWARE
- MICROSOFT GAMES DIVISION PROFIT WINDOWS 7
- MICROSOFT GAMES DIVISION PROFIT SERIES
We apologize for any confusion and will review our procedures to ensure this does not happen again." "After consulting with NASDAQ, we have posted our official numbers. "A preproduction draft of our earnings release was discovered by one or more media sources who then published our results to the Web before market close," Bill Koefoed, Microsoft's general manager of investor relations, said in a statement. Shares spiked to more than $29 per share in heavy trading about 15 minutes before the closing bell, before dropping back to $28.87, a 9-cent gain for the day.
MICROSOFT GAMES DIVISION PROFIT SOFTWARE
The software maker rushed out its earnings report a few minutes early, just before the markets closed for the day. In all, Microsoft's revenue edged up 5 percent to $20 billion, topping analysts' expectations for $19.2 billion in revenue. Microsoft says it sold 8 million Kinect controllers, helping push revenue for the segment up 55 percent to $3.7 billion. Strength in the entertainment and devices division, which is responsible for Xbox 360, also helped make up for weak Windows sales. Microsoft said the division's revenue from businesses rose 18 percent while revenue from consumers jumped 49 percent, both because of sales of Office 2010.
MICROSOFT GAMES DIVISION PROFIT UPGRADE
Big companies that put off buying new technology during the worst of the recession are more willing now to upgrade their systems. However, the division that sells Office software and other programs saw revenue rise 24 percent to $6 billion. Revenue plunged 30 percent in the Windows division to $5.1 billion, in a quarter when worldwide personal computer shipments only grew about 3 percent, as Apple Inc.'s iPad and the promise of more tablet devices to come made consumers think twice about what kind of device to buy.
MICROSOFT GAMES DIVISION PROFIT WINDOWS 7
Microsoft launched Windows 7 in the same quarter of 2009, making for a tough comparison. Much of Microsoft's business depends on selling copies of the Windows operating system and Office desktop software, products that usually rise and fall with fluctuations in the personal computer market.
Analysts surveyed by FactSet were expecting net income of 69 cents per share for the fiscal second quarter. Thanks to stock buybacks, net income rose to 77 cents per share, from 74 cents. Microsoft's net income for the October-December quarter was $6.63 billion, compared with $6.66 billion in the same period last year. After adding EA Play and new third-party developer partnerships to the mix, Xbox Game Pass has quickly risen to become the industry’s best value-added service.Sales of Office 2010 to consumers and businesses buoyed the results, as did the popularity of Kinect, Microsoft's new motion-sensing controller for the Xbox 360 video game system. Recently, Microsoft acquired Zenimax Entertainment, securing all future Bethesda games exclusive to Xbox. With Xbox Game Pass, Microsoft has been taking bold decisions, with attention-grabbing partnerships and acquisitions. Xbox Game Pass is Microsoft’s Biggest Money Maker Xbox Game Pass is currently available on consoles, PCs and will soon be available on mobile devices thanks to the xCloud integration. It shouldn’t be a surprise to see Game Pass revenue up so high, with Xbox head Phil Spencer making it pretty clear during the Xbox games showcase that Microsoft is banking on the service more so than consoles this time. Microsoft Xbox Gaming Content and Services vs Hardware Revenue Chart (by Daniel Ahmad, Niko Partners)
MICROSOFT GAMES DIVISION PROFIT SERIES
Microsoft has revealed its quarterly financial earnings for its gaming division, with Xbox Game Pass driving engagement and revenue much higher than Xbox Series console sales.
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