Microsoft Earnings Report: record $24.52 billion revenue & 3.9 million Xbox One sales

2013 has been a mixed year for Microsoft. While the year has had its ups and down for the company, it ended on a good note. The earnings report released by Microsoft for the the last quarter of 2013 reveals that the company managed to rake in $24.52 billion, up from $21.5 billion an year ago.

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The GAAP operating income for the quarter was at $7.9 billion. That’s better than both last year and Q3.
Breakdown of sales reveals that the company shipped 3.9 million Xbox One console units in the quarter. The console managed to outsell the PlayStation 4 atleast in the US. Not only that, but the last gen Xbox 360 is still going strong, with sales close to 3.5 million last quarter.
As far as the Surface project goes, it brought in $893 million, up from $400 million a quarter ago. Meanwhile, Bing search grew to 18.2% and search advertising revenue grew 34%.
Although, things weren’t all good for the company. Devices and consumer licensing revenue, which includes Windows and Windows Phone software, fell by 5.6 percent to $5.38 billion. Yet, Devices and Consumer revenue on the whole, grew 13% to $11.91 billion.
Microsoft expects tough competition going in the future and expects more acquisitions, join ventures and strategic alliances, including that of Nokia’s Devices and Services business, may have an adverse effect on the business.
Source:  Microsoft & theverge