Microsoft’s first quarter fiscal 2024 earnings show more declines in Surface revenue. But Windows is up, alongside Xbox and cloud.
Microsoft just posted the first quarter of its 2024 fiscal financial results. The software maker made $56.5 billion in revenue and a net income of $22.3 billion during Q1. Revenue is up 13 percent, and net income has increased by 27 percent. Devices revenue has been hit hard again this quarter, even if Windows has recovered slightly. The star of Microsoft’s earnings are cloud services and Office, though.
Nadella did reveal on the company’s earnings call that Starfield has contributed to Xbox Game Pass growth, though. “On launch, we set a record for the most Game Pass subscriptions added on a single day ever,” he said. Microsoft Gaming CEO Phil Spencer did admit in October that Xbox Game Pass growth had stalled on the console side of the service, with Microsoft now focused on PC Game Pass growth instead.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Has Microsoft Put Xbox Game Pass Subscription Numbers In A Black Box?I’ve been writing about video games, television and movies for Forbes for over 10 years, and you may have seen my reviews on Rotten Tomatoes and Metacritic. I cover all manner of console and PC games, but if it’s about looting or shooting, I’m definitely there. If I’m watching something, it’s usually science fiction, horror or superheroic.
Read more »
Microsoft CEO Satya Nadella admits giving up on Windows Phone and mobile was a mistakeSatya Nadella wrote off Microsoft’s Nokia phone business acquisition and now says the company’s exit from mobile was a mistake.
Read more »
Xbox Sales Drop Microsoft’s Gaming Division Grows RevenueThe tech company has become a video game powerhouse after closing a $68.7 billion deal for Activision Blizzard and picking up gaming franchises like 'Call of Duty,' 'Warcraft' and 'Tony Hawk.'
Read more »
Apple to reportedly train employees on the Vision Pro in the first months of 2024Izzy, a tech enthusiast and a key part of the PhoneArena team, specializes in delivering the latest mobile tech news and finding the best tech deals. Her interests extend to cybersecurity, phone design innovations, and camera capabilities.
Read more »
2024 GMC Canyon AT4X AEV Edition First Drive Review: The business-class BisonGet in-depth info on the 2023 GMC Canyon including prices, specs, reviews, options, safety and reliability ratings.
Read more »
2024 Range Rover Velar first drive | Car ReviewsAuto123 gets in a first drive of the 2024 Land Rover Range Rover Velar, which delivers an attractive combination of power, poise and panache
Read more »