Microsoft Q2 2013 Earnings Show $21.56b Revenue, $6.38b Profit
Microsoft's quarterly report is in, folks, and as expected, the company posted some impressive numbers. Microsoft reported revenues for Q2 2013 (fiscal year) at $21.56 billion, with pure profits reaching $6.38 billion for the quarter — up from $5.87 billion in profit a year ago and $5.31 billion last quarter.
Splitting the revenues up between the company's different divisions, Windows accounted for almost $6 billion of the company's revenues, which is up 24% from last year, and that's mostly thanks to the release of Windows 8 back in late October. However, Microsoft's business division saw a drop, with revenues down 10% to $5.7 billion year-over-year. The Server & Tools department's revenue increased by 9% to $5.19 billion.
Microsoft's Entertainment & Devices division, which is responsible for the Xbox and Surface, saw an 11% decline from last year, with only $3.77 billion of revenue. This comes after Microsoft announced that the Xbox 360 was the top-selling gaming console for two years straight. It looks like holiday sales weren't as great as the company expected.
Microsoft's Online Services division saw more growth, however, with $869 million in revenue, which is an 11% increase year-over-year. Thanks to the upcoming Office 365 suite and SkyDrive, Microsoft's online services don't seem to be slowing down anytime soon, especially with the deal that Microsoft made with the city of Chicago to bring Office 365 services to city employees.