The company has revealed the financial results for the second quarter of fiscal year 2014
Microsoft has recently unveiled the financial results for the second quarter of fiscal year 2014, reporting revenues of $24.52 billion (€17.9 billion) and net income of $6.56 billion (€4.79 billion).These results are above financial analysts’ expectations and represent an increase from $21.46 billion (€17.87 billion) in revenues and $6.38 billion (€4.66 billion) in net income from the same period a year ago.
Particularly, the Devices and Consumer division posted a boost of 13 percent to $11.91 billion (€8.7 billion), while the Commercial division reported an increase of 10 percent to $12.67 billion (€9.25 billion). Windows OEM revenue declined 3 percent, while Surface incomes more than double from $400 million (€292 million) in the first quarter to $893 million (€652 million) in the second quarter.
“Our Commercial segment continues to outpace the overall market, and our Devices and Consumer segment had a great holiday quarter,” said Steve Ballmer, chief executive officer at Microsoft. “The investments we are making in devices and services that deliver high-value experiences to our customers, and the work we are doing with our partners, are driving strong results and positioning us well for long-term growth.”
“We delivered record revenue as demand for our business offerings remains high and we made strong progress in our Devices and Consumer segment,” said Amy Hood, chief financial officer at Microsoft. “These results reflect our focus on execution, cost discipline, and long-term shareholder value as we continue to drive the strategic transformation of the company.”
At the same time, Microsoft has also revealed that it shipped a total of 7.4 million Xbox gaming consoles during the quarter, including a total of 3.9 million Xbox One consoles and 3.5 million Xbox 360 consoles.
Last but not least, Redmond has also pointed out that Bing currently holds a market share of 18.2 percent in the search engine market, while search advertising revenue grew by 34 points.