At Microsoft, it’s time again for a financial report and the company seems to be happy with it, as sales were strong last quarter.
The first quarter of 2024 is over. Not the calendar, of course, but Microsoft’s financial calendar. This starts on July 1st and continues until September 30th. From the looks of things, this was a good quarter for Microsoft, even if hardware sales were a bit slow.
The Xbox division recorded a whopping $3.9 billion in sales in these three months, an increase of 9 percent compared to the same period last year. This was primarily due to first-party games like Starfield and Game Pass, while hardware sales fell by 7 percent.
According to Microsoft CEO Satyda Nadella, Starfield has of course caused its share of growth, with over 11 million players now. Exciting: Players spent half the total time playing on the PC version. Starfield also had its largest single-day increase in Xbox Game Pass subscribers to date. Overall, Xbox revenue from content and services increased 13 percent.
Those are also interesting Microsoft GroupsWhich demonstrates the financial importance of the Xbox division in the group. Thus, Microsoft achieved total sales of $56.5 billion, an increase of 13 percent. Net profit in the quarter is $22.3 billion.
A large share of Microsoft’s sales come from Azure and other cloud services, which account for a whopping $24.3 billion share of sales. The next few chapters are likely to be exciting regarding the now completed acquisition of Activision Blizzard King. With the acquisition, Microsoft has now moved to second place among the largest game publishers, preceded only by the Chinese giant Tencent.
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