Microsoft Reports Strong Third Quarter Supported By Xbox 360 and Kinect Sales

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MicrosoftMicrosoft reported its financial results for its fiscal third quarter ended March 31, 2011. Read on for more details...
For its quarter ended March 31, 2011, Microsoft reported net income of $5.232 billion compared to net income of $4.006 billion in the same quarter the previous year. Primarily, Microsoft credited sales of Office 2010 and the Xbox 360 (driven by Kinect sensors) for its strong results.

FI readers are, presumably, more interested in the specific results of the Entertainment & Devices Division (EDD), that contains Microsoft's PC and console gaming operations. EDD reported operating income of $225 million (compared with $150 million in the same quarter the prior year) on revenues of $1.935 billion (compared with $1.210 billion in the previous year). Microsoft noted that revenues were led by sales of "...Kinect sensors, increased volumes of Xbox 360 consoles, and higher Xbox Live revenues." During the quarter, Microsoft sold 2.7 million Xbox 360 consoles (compared with 1.5 million in the same quarter the previous year) and 2.4 million Kinect sensors. Obviously, Microsoft is pleased.

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This page contains a single entry by Editor published on April 28, 2011 5:53 PM.

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