16 September 2019
Microsoft reported revenue of $30.6 billion and net income of $8.8 billion while posting the third quarter of its 2019 financial results. Revenue has jumped 14 percent year over year and net income has increased 19 percent. To be precise, last year, the net income was $7.4 billion and revenue of $26.8 billion in the Q3 2018.
These are the Xbox, Surface, and Windows that have helped Microsoft in bring the solid results and eventually helping in the overall growth. Cloud and Office continue to push Microsoft’s revenue. Server products and cloud services revenue grew 27%. Also, Windows OEM revenue was up 9%, while Windows commercial revenue increased by 18%.
Microsoft didn’t launch any new Surface products in the recent quarter but it still recorded a strong quarter. Surface revenue grew 21 percent year over year, up to $1.3 billion. This reflects strong demand for a range of Surface hardware. Furthermore, the gaming revenue is up 5 percent in Q3. Add the solid results of Office 365 service to this growth. Microsoft has more than 180 million active monthly Office 365 business users. There are 34.2 million people subscribed to Microsoft’s Office 365 service for consumers.
The revenue of Windows sector is increasing and you can expect it to grow more from here, as Microsoft is successfully moving Windows 7 users to Windows 10.