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Microsoft Tops Expectations With Record Revenue

jones_supa (887896) writes | about 3 months ago

0

jones_supa (887896) writes "Microsoft soared to record revenues in Q4/2013, confounding Wall Street forecasts on the back of strong demand for Xbox consoles, Surface tablets and Internet cloud services. The US-based technology titan reported net income of $6.56 billion on revenue that hit a record high of $24.52 billion in the quarter that ended December 31. 'Our Commercial segment continues to outpace the overall market, and our Devices and Consumer segment had a great holiday quarter,' said outgoing CEO Steve Ballmer. Sales of Surface tables more than doubled from previous quarter, and Bing's share of the Internet search market grew to 18.2%, but money made from selling Windows software to computer makers slid down by 3%. Microsoft reported that cloud services to businesses and consumers posted 'strong growth'. All in all, Microsoft shares climbed more than 3% to $37.37 in after-market trades on the Nasdaq following release of the earnings figures."
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