Microsoft revealed its financial results for the third quarter of its fiscal year 2014, which corresponds to the first calendar quarter of the year. And it makes for a gripping read.
Total revenue came in at $20.4 billion, net income $5.66 billion.
Both numbers, while in line with the predictions from financial analysts, are slightly lower from the figures from the same period a year ago. Microsoft generated revenues of $20.49 billion alongside recording a net income of $6.06 billion back then.
Despite this, the numbers are still solid, with growth in several areas.
Windows OEM revenue, for instance, grew by 4 percent, buoyed by a strong 19 percent in Windows Pro OEM revenue. We can thank all the Windows 8.1 Pro tablets and other such devices that have been released in the past few months. At the expense of ARM, some might opine, but there you have it.
Satya Nadella, chief executive officer, Microsoft:
“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.
We are focused on executing rapidly and delivering bold, innovative products that people love to use.”
The recently crowned CEO of the software titan said that the strength of the company’s business was the primary catalyst of this increase in performance, and few will doubt this.
Sure, the numbers are just a bit down, but there is notable growth in all the right areas.