Microsoft Corp. posts 14 percent rise in revenue in Q2

Nathan Andrada – Fourth Estate Cooperative Contributor

New York, NY, United States (4E) – Microsoft Corp. posted strong sales and earnings growth, easily topping estimates, according to a company statement released Thursday.

Revenue rose 14 percent to a record $24.5bn in the fiscal second-quarter ended Dec. 31, Microsoft said.

The software firm recorded solid shipments of the Xbox One, with 3.9 million units of the new game consoles sold. Microsoft is in stiff competition with rival Sony, which started selling the PlayStation 4 console one week before the launch of Xbox One.

Microsoft also said sales of its Surface tablet doubled, getting almost $900mn in revenue from the device. After a slow start last year that forced the company to write down almost $1bn in inventory, the device has made a positive turnaround.

Sales of commercial cloud programs like Office 365 and Azure more than doubled from the same period last year, according to Chief Financial Officer Amy Hood.

Second-quarter net income jumped 2.8 percent to $6.56bn, or 78 cents per share, from $6.38bn, or 76 cents, a year ago.

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