14 DAY TRIAL // Microsoft has published its earnings report for Q3 2013, which is the first quarter of the new fiscal year 2014, revealing $5.24 billion (€3.79 billion) in net income and $18.53 billion (€13.42 billion) in revenue.
This is a significant improvement over the same period of the previous year, as Microsoft had at that time registered $4.47 billion (€3.23 billion) in net income and $16.01 billion (€11.58 billion) in revenue.
The Devices and Consumer business reported $7.46 billion (€5.4 billion) in revenues for the quarter, which is an increase of 4 percent over the same quarter a year ago. At the same time, the Windows OEM business lost 7 points, while Surface reached $400 million (€289 million).
This is the first earnings report that Microsoft is unveiling after its reorganization process (dubbed One Microsoft) started earlier this year, with the company claiming that its financial results are strong despite the fact that its upper management reshuffle continues.
“We saw strong focus across our teams, generating record first-quarter revenue even as we navigate a fundamental business transition. Our enterprise renewals were very healthy and our devices and consumer business continued to improve,” said Amy Hood, chief financial officer at Microsoft.
“We are making strategic investments in areas like technological innovation, supply chain management, and global cloud operations to build for the future and create long-term shareholder value.”
The Bing platform in particular continues its growth, with search ad revenue growing 47 percent according to the same stats rolled out by Microsoft. The SQL Server revenue grew double digits, it said, while the SQL Server Premium performance improved with more than 30 points.
“We continue to execute well across our businesses and we are seeing robust demand for our enterprise products and cloud services. Strong customer adoption of Office 365, Azure, and Dynamics CRM Online is accelerating our business transition to the cloud,” said Kevin Turner, chief operating officer at Microsoft.