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Microsoft Reports Strong Earnings For FY2018

Microsoft has announced some strong financial results for the FY2018 that ended on June 30th and the tech giant has enjoyed double digit increases across the board. Overall revenue was $110.4 billion – an increase of 14% – with net income of $16.6 billion using GAAP numbers.

The company’s gaming revenue increased 39% in Q4 due to strong performance by Xbox software and services. Xbox software is up 36% driven mainly by third party game sales. Monthly active users for Xbox Live grew 8% to 57 million. Gaming revenue for the fiscal year was $10.35 billion – up from $9.05 billion in FY 2017. This shows that revenue from Microsoft’s gaming business made up almost 10% of the company’s overall revenue in FY2018. This is also the first time Xbox has earned over $10 billion in revenue in a single year.

Microsoft’s revenue from cloud services is up 26% while revenue from Surface devices is up 25% in Q4 which beats expectations from Wall Street. This brings revenues from Surface to $1.1 billion for the fiscal year. Next month Microsoft will release the Surface Go – the first new Surface product to launch this year. Revenue from LinkedIn was $1.4 billion which is an increase of 37%. Revenue from Microsoft’s search engine, Bing, has grown 17% and may see a sharp increase now that Google has been forced to separate its search tool from Android devices in the European Union.

Jason Mckendricks
Jason Mckendrickshttp://Ticgamesnetwork.com
Writer. Photographer. I leveraged a business degree to play video games. My opinions are entirely my own and do not necessarily reflect those of The Inner Circle (but they should). DMs on my Twitter are open.

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