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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 of premium ad inventory for advertisers, by developing a common set of API specifications which is expected to be available in the coming months. - Microsoft launched iOS and Android apps for Xbox Music and introduced free ad-supported music streaming on the web. - Bing.com partnered Fox News to integrate its Bing Pulse online voting tool to Fox News Channel's 'Special Report with Bret Baier' program, enabling viewers share their opinions and reactions to news commentary in real time on Bing Politics. - Microsoft released a new transparency report, in which it disclosed that it had received a total of 321 requests for disclosure of 515 users & accounts from the Indian government in first six months…

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