In the first quarter with Satya Nadella at the helm, Microsoft has reported a decline in its net quarterly profit year-on-year (YoY) to $5.66 billion, down from $6.06 billion profit in the same quarter last year. The total revenues for the quarter also saw a minor decline to $20.4 billion from $20.49 billion in the same quarter last year, while the operating income declined to $6.97 billion for the quarter from $7.6 billion in the same quarter last year. Highlights - Microsoft sold 2 million Xbox consoles during the quarter, of which 1.2 million were Xbox One units and the remaining 0.8 million were Xbox 360 units. In the previous quarter, Microsoft had sold 7.4 million Xbox console units, of which 3.9 million were Xbox One units, although it was a holiday quarter. The company is expected to launch Xbox One in India in September this year. During the company's earnings call, Microsoft CFO Amy Hood mentioned that users are spending nearly 5 hours per day on their console. She also mentioned that Xbox Live transactional revenues grew by 17% for the quarter, although she didn't disclose any specific revenues. - Office 365 Home now has 4.4 million subscribers, of which nearly 1 million subscribers were added in the last three months. - Surface revenues grew by over 50% to $494 million. While there is no information on the number of units sold, Microsoft mentioned that it is witnessing an increasing mix of 2nd generation and pro devices. In comparison, Surface…
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