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Apr 28, 2011

Microsoft Announces Record Q3 Earnings: $16.43 Billion Revenue, $5.23 Billion net Income

Well, it looks like the record quarters from tech companies just keep on coming -- this time it's Microsoft, which just reported $16.43 billion in revenue in its third-quarter results, a jump of 13 percent from the previous year, and well ahead of analysts' expectations. Net income clocked in at $5.23 billion, a whopping 31 percent increase from the previous year, with Microsoft citing strong sales of Office 2010, Xbox and Kinect as key driving factors. The company also reiterated that it's sold a staggering 350 million Windows 7 licenses so far, and said that its Entertainment & Devices Division has grown a full 60 percent year-over-year -- again, largely fueled by those record-setting sales of Kinect and continued strong sales of Xbox 360 consoles and Xbox Live.

As for Windows Phone, Microsoft unfortunately isn't providing much in the way of specifics -- on its earnings call, it only went as far as to say that "product reviews are good" and "customer satisfaction is high," and that developer interest has increased following its announcement of the Nokia partnership. It was unsurprisingly a bit more eager to divulge specifics for its gaming business, though, and revealed that it sold 2.4 million Kinect sensors in Q3, along with 2.7 million Xbox 360 consoles -- the latter of which is a new third quarter record for the company.
 
 

17 comments:

Zombie said...

Dang they are rich!!

The Radical Chemist said...

I wonder how much of those sales are from XBOX repurchasing after the customer gets a red circle of doom... I'd rather deal with weeks of PSN outage. =P

=dgrphx= said...

developers developers developers developers

Shelby Fox said...

It's amazing they can make so much money when they have all the Red Ring crap going on.

I guess when you're paying about $200 for a piece of software (either on an individual or business level) it adds up quickly.

nickxdesu said...

Ehh, I've had the same xbox for years, never had any problem.

zepdragon said...

Eh... I'm still a PS3 fan, but if this PSN shutdown continues much longer....

Jay said...

suddenly, i like microsoft.

TMH said...

It's funny how there were speculations that Microsoft would crash within its first two years, and now this. Pretty extreme lol

MRanthrope said...

damn. Feel free to donate to my poor ass Microsoft.

fit4life said...

money grubbing bastards.

Hive Mind. said...

Seriously, FUCK these guys.

GetItFirst said...

I wish i had all this Money!

King Elysium said...

Wow..more money the rich dont need

Jack said...

Woah, I had no idea, thanks for the info.

Ambi said...

I think Windows Phones will become a great business in the future. Currently it's weak compared to Apple or Google.

Liquider said...

omg that is so much money

Skeng said...

Wish they'd send a bit of that my way