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Microsoft revenues decline 12% in Q1-FY16 as gaming and hardware biz slows

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Microsoft has reported a profit of $4.6 billion for the quarter ended September 30th, 2015, a 2% growth over $4.5 billion profit in the same quarter last year. The total revenues for the quarter however stood at $20.38 billion, a 12% decline year-on-year (YoY), from $23.2 billion in the same quarter last year. The operating income of the company stood at $5.78 billion, a 1% decline from $5.84 billion last year.

Note that for the quarter ended June 30th, Microsoft had reported a loss of $3.19 billion, on account of writing off Nokia’s $7.5 billion phone hardware business and $780 million of restructuring expenses. The company’s revenues stood at $22.18 billion last quarter.

Highlights:

Devices and consumers licensing revenues declined by 11% to $3.6 billion this quarter.

– Microsoft’s Computing and Gaming hardware business revenues also declined by 18% YoY to $2 billion. The company mentions that the monthly active users on Xbox Live have increased to 39 million, although Xbox hardware revenues were down due to lower volumes of Xbox 360 sold. Windows OEM revenues also declined by 6% despite the Windows 10 launch, although the companys says the decline is less than the decline in the PC market overall.

– Microsoft does not mention the number of phones sold this quarter, although its Phone Hardware division reported revenues of $1.1 billion, a 58% decline YoY.

Other Device and Consumer businesses however saw a growth of 28% YoY with revenues of $2.3 billion.

– Microsoft’s commercial licensing revenues declined by 6% to $9.2 billion while other commercial revenues stood at $3.3 billion, a 39% YoY growth.

– Revenues in Intelligent Cloud grew by 8% to $5.9 billion with the company claiming to have more than doubled its customer based YoY for Enterprise Mobility solutions.

Download: Press Release | Slides

Also read:

Microsoft Devices Event Lowdown: New Lumias, Surface, HoloLens & more

Microsoft to bring internet to 500K Indian villages, possibly through TV white space

Microsoft writes off Nokia’s phone h/w biz; $3.19B loss in Q4 FY15

Microsoft sells most of its advertising business to AOL

Microsoft sells part of Bing mapping tech to Uber

 

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