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Microsoft Beats the Street, Xbox Revenue Up 9%

Microsoft released their Q2 2016 Financial Report yesterday, and according to consensus estimates they beat their expectations handidly. Microsoft reported earnings per share (EPS) of $0.78 per share against an expected $0.71 which was up 11% over the $0.70 per share they posted earlier. Revenue was down slightly to $25.69 Billion.

Microsoft being the massive cloud company it is posted 5% growth in this sector with $6.34 Billion in revenue. More personal computing where Surface and Xbox is located dropped slightly due to waining Windows Phone sales and fewer Windows licenses sold (mainly due to it being free). It was down 2% to $12.7 Billion in revenue.

Xbox Live Customer numbers rocketed up to 48 Million users, from 38 Million a year ago. Gaming revenue is up 9% year over year. Microsoft didn’t break out any other numbers, but carried forward, they most likely shipped around 29 – 30 Million Xbox One’s and Xbox 360’s since the Xbox One’s launch.

Surface was the biggest star in the report, with sales of their Surface line reaching a record high $1.35 Billion in sales, up 29%. In a market where tablets aren’t faring any better than their PC counterparts, this is quite amazing.

Microsoft announced that they returned $6.5Billion in dividends to shareholders.

David Whitaker
David Whitakerhttp://Ticgamesnetwork.com
I'm David Whitaker and I'm just a man who loves talking about the video game industry

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