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April 19, 2012 08:21 pm EDT

Microsoft announces Q3 2012 earnings: $17.41 billion in revenue, $6.37 billion income

Microsoft has announced its earnings for the third quarter of its fiscal year this afternoon, and it's reporting some record numbers that beat expectations: a six percent increase year-over-year to $17.41 billion in revenue and a 12 percent increase to $6.37 billion in operating income. Breaking things down by division, that includes $4.57 billion in revenue from Server & Tools, $5.81 billion from the Business Division (which includes Office), $4.62 billion from Windows and Windows Live, and $707 million from Online Services -- all increases from between four to 14 percent. The one division seeing a big drop is Entertainment & Devices, which dipped a hefty 16 percent year-over-year to $1.62 billion in revenue -- something Microsoft blames on a "soft gaming console market," though it is happy to note that the Xbox 360 remains the top console in the US for the 15th consecutive month. Notably absent is any mention of Windows Phone, though perhaps we'll hear more about it on the company's earnings call in just under an hour.

Continue reading Microsoft announces Q3 2012 earnings: $17.41 billion in revenue, $6.37 billion income

Microsoft announces Q3 2012 earnings: $17.41 billion in revenue, $6.37 billion income originally appeared on Engadget on Thu, 19 Apr 2012 16:21:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2012/04/19/microsoft-announces-q3-2012-earnings-17-41-billion-in-revenue/

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