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Microsoft Q3-FY13: Online Revenues Up 18%; 1.3M Xbox 360s Sold, 46M Xbox Live Members

Microsoft has reported total revenue of $20.49 billion for the quarter ending March 31, 2013, up 18% from $17.41 billion revenues in the same quarter last year. The company reported an operating income of $7.61 billion for the quarter, up 19% from $6.37 billion operating income in Q3-FY12 and a net income of $6.06 billion for the quarter, up 18.6% from $5.11 billion in Q3-FY12. Microsoft noted that these revenues include the net recognition of revenue deferral for its Windows Upgrade Offer, Office Upgrade Offer and Pre-sales, and the Entertainment and Devices Division Video Game Deferral, partially offset by the recognizing previously deferred revenue for Windows 8 pre-sales. Highlights - Microsoft released a major update to Office 365 for business users and announced three new versions of Office 365 called Office 365 Midsize Business for medium-sized businesses, Office 365 Small Business Premium for small businesses and Office 365 ProPlus which offers full…

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