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Microsoft revenues are in, with Surface revenues up a huge 117%

Microsoft sees a huge surface in Surface revenues this quarter, up 117%

By Anthony Garreffa from Jul 21, 2015 @ 22:38 CDT

Microsoft has posted its revenues for the quarter, with the Redmond-based OS giant posting a $2.1 billion loss, just a week away from arguably its biggest launch ever; Windows 10.

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The company had to get rid of thousands upon thousands of employees in its smartphone side of things, but with its $2.1 billion in loss from $22.2 billion in revenue, it's all being blamed on no flagship releases, and the fact that the company had a huge $7.5 billion write down from the acquisition of Nokia's Devices and Services Division last year. There were also two restructuring charges of $780 million and $160 million, with Microsoft noting: "these items totaled $8.4 billion or a $1.02 per share negative impact. Excluding this impact, operating income and EPS would have been $6.4 billion and $0.62, respectively".

But the surprising part of Microsoft's quarterly earnings is that Surface revenues are up by a huge 117%, or $888 million for the three-month period. Throughout Microsoft's entire 2015 FY, Surface revenues passed $3.6 billion, an increase of 65% year-over-year. Microsoft also notes that the Xbox has experienced growth, with the company explaining: "based on strong growth in consoles, Xbox Live transactions and first party games".

NEWS SOURCES:Wccftech.com


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