Microsoft's Gaming Business Becomes More Profitable in the First Quarter

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MicrosoftMicrosoft announced its financial results for its first fiscal quarter ended September 30, 2009:
For the quarter, Microsoft reported net income of $3.574 billion, compared with $4.373 billion in the same quarter the previous year. Microsoft positioned its results as "exceeding expectations," pointing out that it deferred $1.47 billion of revenues relating to an upgrade program and experienced stronger than expected consumer demand.

The Entertainment and Devices Division (that includes gaming operations for both the Xbox 360 and PC) experienced revenues of $1.891 billion compared to $1.893 billion in the same quarter the previous year. EDD reported operating income of $312 million, compared to $159 million in the same quarter the previous year. So, while revenues for the division decreased slightly, Microsoft's EDD nearly doubled its profitability. Microsoft confirmed in its conference call that gaming-related revenues, specifically, were up substantially.

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This page contains a single entry by Editor published on October 23, 2009 7:19 AM.

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