Microsoft has released its earnings report for the first fiscal quarter, which ended on September 30, 2015. GAAP revenue dropped 12 percent to $20.38 billion, while GAAP net income increased two percent to $4.62 billion.
"We are making strong progress across each of our three ambitions by delivering innovation people love,” said Microsoft CEO Satya Nadella. "Customer excitement for new devices, Windows 10, Office 365 and Azure is increasing as we bring together the best Microsoft experiences to empower people to achieve more."
The Personal Computing segment, which includes the Xbox and Windows 10, saw revenue drop 17 percent to $9.4 billion, from $11.2 billion a year ago.
Xbox hardware revenue dropped by 17 percent, mainly due to a decrease in Xbox 360 console sales. Video games revenue increased by 66 percent, driven by the strong sales of Minecraft.
Xbox Live revenue increased by 17 percent due to the increased number of transactions and the average amount spent per transaction. The number of monthly active Xbox Live users grew by 28 percent to 39 million.
Source:
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