Microsoft announces Q3 results

The results of the third quarter for Microsoft have been announced. The revenue of the company touched $20.4 billion for Q3 FY13 ended March 31, 2014. The net income of the software giant has reached $5.66 billion.
The revenue generated by the Xbox consoles was reported to be around $1.97 million for the quarter and $8.19 million for the nine months ending on March 31.

Thanks to Xbox One, the revenue of devices and hardware sector grew by 12% to $8.30 billion. Around 2 million Xbox console units were sold in the quarter, with 1.2 million of them being Xbox One consoles.

“The Q3 results clearly demonstrate the strength of our business, as well as the opportunities we see in a mobile-first, cloud-first world,” said the new CEO Satya Nadella.(Via: Microsoft) “We are and shall remain focused on executing rapidly and delivering bold and innovative products that people love to use.”

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