Microsoft has announced revenue of $20.40 billion for the quarter ending March 31, 2014. So how well did the devices and services giant do? Microsoft scored $20.40 billion in revenue and $5.66 billion in net income for Q3 2014.
“This quarter’s results demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world. We are making good progress in our consumer services like Bing and Office 365 Home, and our commercial customers continue to embrace our cloud solutions. Both position us well for long-term growth,” said Satya Nadella, chief executive officer at Microsoft. “We are focused on executing rapidly and delivering bold, innovative products that people love to use.”
Microsoft not only managed to rake in $20.40 billion in revenue, but also added 1 million new Office 365 subscribers in just three months. According to the company, Office 365 Home now has 4.4 million subscribers. The company also revealed that 2 million Xbox consoles were sold during the period, which includes 1.2 million Xbox One consoles sold.
Sony's PS4 has sold more than 7 million consoles to date, while Microsoft has indicated previously that they have only shipped more than 5 million Xbox One consoles. That's shipped, not sold.
Microsoft also revealed that Surface revenue grew more than 50% to nearly $500 million. Bing Search share in the United States grew to 18.6%, while search advertising revenue grew 38%. Windows OEM revenue grew 4%, with a strong 19% growth in Windows OEM Pro revenue.
Microsoft's commercial revenue also grew 7% to $12.23 billion:
- Office 365 revenue grew over 100%, and commercial seats nearly doubled, demonstrating strong enterprise momentum for Microsoft’s cloud productivity solutions.
- Azure revenue grew over 150%, and the company has announced more than 40 new features that make the Azure platform more attractive to cloud application developers.
- Windows volume licensing revenue grew 11%, as business customers continue to make Windows their platform of choice.
- Lync, SharePoint, and Exchange, our productivity server offerings, collectively grew double-digits.
“We delivered solid, broad-based financial results driven by strong execution and continued cost discipline,” said Amy Hood, executive vice president and chief financial officer at Microsoft. “We are focusing our resources to drive growth and long-term shareholder value.”
Microsoft also confirmed today that they are expected to close the deal with Nokia on April 25th.