Microsoft announces record Q3 earnings: $16.43 billion revenue, $5.23 billion net income

Well, it looks like the record quarters from tech companies just keep on coming — this time it’s Microsoft, which just reported $16.43 billion in revenue in its third-quarter results, a jump of 13 percent from the previous year, and well ahead of analysts’ expectations. Net income clocked in at $5.23 billion, a whopping 31 percent increase from the previous year, with Microsoft citing strong sales of Office 2010, Xbox and Kinect as key driving factors. The company also reiterated that it’s sold a staggering 350 million Windows 7 licenses so far, and said that its Entertainment & Devices Division has grown a full 60 percent year-over-year — again, largely fueled by those record-setting sales of Kinect and continued strong sales of Xbox 360 consoles and Xbox Live. As for Windows Phone, Microsoft unfortunately isn’t providing much in the way of specifics — on its earnings call, it only went as far as to say that “product reviews are good” and “customer satisfcation is high,” and that developer interest has increased following its announcement of the Nokia partnership. It was unsurprisingly a bit more eager to divulge specifics for its gaming business, though, and revealed that it has sold 2.4 million Kinect sensors in Q3, along with 2.7 million Xbox 360 consoles — the latter of which is a new third quarter record for the company. Continue reading Microsoft announces record Q3 earnings: $16.43 billion revenue, $5.23 billion net income Microsoft announces record Q3 earnings: $16.43 billion revenue, $5.23 billion net income originally appeared on Engadget on Thu, 28 Apr 2011 16:25:00 EDT. Please see our terms for use of feeds . Permalink

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