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Microsoft Q1-FY14: 2M Office 365 Subs, 1.2M Xbox 360 Sales; $400M Surface Revenue

In the quarter where Microsoft announced plans to acquire Nokia’s Devices & Services business, it reported total revenue of $18.53 billion for the quarter ended September 30, 2013 (Q1-FY14), up 16% year on year (YoY) from $16 billion revenue in the corresponding quarter last year. The operating income was at $6.33 billion for the quarter, up 19% YoY from $5.31 billion in the same quarter last year while the net income was at $5.24 billion for the quarter, up 17.23% from $4.47 billion in the same quarter last year. Highlights - Microsoft sold 1.2 million Xbox 360 consoles during the quarter, up from 1 million in the last quarter. - Microsoft unveiled two new Surface models - Windows RT 8.1 based Surface 2 and Windows 8.1 Pro based Surface Pro 2. - Microsoft, AOL and Yahoo agreed to work together to improve the programmatic buying…

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