Microsoft revenue increased, but profits fell
Microsoft has published its financial results for the fourth quarter of fiscal 2014, which ended June 30. The company received a profit of $4.6 billion and $23.38 billion of revenue. As you can see, income has increased compared to $19.9 billion in the same period last year, but the profit recorded a slight decrease compared with $4.97 billion in 2013. In General, the report is not surprising, especially after the layoffs, which were announced last week.
The increase in demand for PCs helped Microsoft, in particular, sales of Windows licenses to OEMs. OEM revenues increased 3%, which suggests that the downward trend of the traditional PC market slowed down. Part of the growth, of course, connected with the enterprises which have replaced PCs after Microsoft ended support for Windows XP in April.
The company reported sold 5.8 million Lumia smartphones and 30.3 million non-Lumia devices. Despite the fact that Lumia sales fell by 21% compared to last year, it is important to note that the stated numbers refer only to two months of the quarter. After the acquisition of phone business of Nokia, Microsoft plans to focus exclusively on Windows Phone for all classes of phones. It will happen in the next 18 months.
Sale Surface again has not been announced, but a series of tablets has brought the company $409 million revenue for the quarter. During the quarter the company sold 1.1 million Xbox consoles, but did not specify how many of them are the latest generation of gaming devices.
: The Verge