Microsoft revealed its quarterly earnings Thursday, and despite stalled sales of Windows, strong Xbox 360 and Kinect numbers boosted the company’s to revenue 8 percent higher than the same period last year, at $17.37 billion. Operating and net incomes also increased by 4 and 30 percent, respectively, on the year, at $6.17 billion and $5.87 billion. Entertainment technologies like the Xbox 360 and Xbox Live drove the jump in profits. The Entertainment and Devices Division, to which the console belongs, reported revenue of $1.49 billion, up 30 percent from last year.
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Plenty of Business, a Little Play Make Microsoft a Bright Quarter
Posted by: Rachelle Dragani July 22, 2011 10:56 AMMicrosoft revealed its quarterly earnings Thursday, and despite stalled sales of Windows, strong Xbox 360 and Kinect numbers boosted the company’s to revenue 8 percent higher than the same period last year, at $17.37 billion. Operating and net incomes also increased by 4 and 30 percent, respectively, on the year, at $6.17 billion and $5.87 billion. Entertainment technologies like the Xbox 360 and Xbox Live drove the jump in profits. The Entertainment and Devices Division, to which the console belongs, reported revenue of $1.49 billion, up 30 percent from last year.