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Microsoft posts $5.2 billion profit, says Surface sales are growing

Microsoft's Q1 earnings are in, with $5.2 billion in net profits from $18.5 billion in revenue (NASDAQ:MSFT)

| Business, Financial & Legal News | Posted: Oct 25, 2013 8:33 am

Microsoft has been somewhat struggling with its Surface tablets, but that hasn't stopped the company from posting an impressive Q1 earnings report. From $18.5 billion in revenue, the Redmond-based giant took a nice $5.2 billion in net profits home.

 

TweakTown image news/3/3/33575_07_microsoft_posts_5_2_billion_profit_says_surface_sales_are_growing.jpg

 

The company pegs most of this success in the growth of its corporate-focused Commercial group. Unfortunately, the Devices and Consumer division isn't doing so well, with Windows revenue from PC makers down a sharp 7%, but search ad revenue climbed an impressive 47%. The Surface line of slates from Microsoft saw revenue increases quarter-over-quarter to $400 million.

 

With Windows 8.1 launching just recently, Microsoft has netted $113 million in pre-order revenue, which could see a surge in PC sales in the coming quarter. We're also set to see the Surface 2, Surface 2 Pro and Xbox One sales make a huge increase in revenue for the company in the coming months.

NEWS SOURCE
Engadget.com

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