Microsoft sees double-digit growth in devices and consumer sectors - PC Retail

Microsoft sees double-digit growth in devices and consumer sectors

Financial report from firm shows record revenue
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Microsoft has reported record revenue following the announcement of its financial results.

The firm revealed that it had revenue of $24.52 billion for the quarter ended on December 31st 2013. Gross margin, operating income, net income, and diluted earnings per share for the quarter were $16.24 billion, $7.97 billion, $6.56 billion, and $0.78 per share, respectively.

It added that it had seen double-digit growth in the commercial and devices and consumer segments – the revenue of the latter growing 13 per cent to $11.91 billion.

Revenue generated by the firm’s Surface tablets more than doubled sequentially, from $400 million in Q1 2013 to $893 million in Q2.

"Our commercial segment continues to outpace the overall market, and our devices and consumer segment had a great holiday quarter," said Microsoft CEO Steve Ballmer.

"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."

Microsoft stated that 7.4 million Xbox games console units had been sold into the retail channel, including 3.5 million Xbox 360 consoles and 3.9 million Xbox One consoles. The Xbox One launched in November.

"We delivered record revenue as demand for our business offerings remains high and we made strong progress in our devices and consumer segment," added Microsoft chief financial officer Amy Hood.

"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."

Windows OEM revenue declined by three per cent, which Microsoft said “reflected strong 12 per cent growth in Windows OEM Pro revenue, offset by continued softness in the consumer PC market”.

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