Microsoft is the latest in a string of tech companies to report positive quarterly financial results. For its first fiscal quarter, which ended September 30, the firm took in $23.2 billion in revenue, a 25% increase over the same quarter last year. Redmond cleared $4.52 billion in profit, too, though that figure represents a 13% decline from 2013. Here are the numbers:
|Q1 2015||Q1 2014||Change|
|Revenue||$23.2 billion||$18.5 billion||up 25%|
|Gross margin||$14.9 billion||$13.4 billion||up 12%|
|Operating income||$5.84 billion||$6.33 billion||down 8%|
|Net income||$4.54 billion||$5.24 billion||down 13%|
Microsoft's net income would have increased had it not been for $1.14 billion in expenses related to its restructuring efforts and to the "ongoing integration" of Nokia. At least the smartphone division contributed to the bottom line; phone hardware accounted for $2.61 billion in revenue during the quarter.
Revenue from devices and consumer products surged 47% overall. The Surface division contributed $908 million to the total, largely due to strong sales of the Surface Pro 3. Xbox shipments were also up 102% to 2.4 million units. Don't make too much of the triple-digit increase, though. During the same quarter last year, gamers were holding out for the Xbox One's November release.
On the corporate side, Microsoft enjoyed a more modest 10% revenue increase. Cloud services enjoyed the biggest gain, at 128%, while revenue from "server products and services" grew 13%.