Microsoft has published a financial report for the past quarter. Sales of devices and Windows licenses have decreased, and services, on the contrary, bring the company more and more money.
Microsoft's revenue was $ 23.3 billion, and revenue was $ 6.5 billion. Revenues from sales of smartphones, devices of the Surface and Xbox series, as well as the implementation of Windows licenses decreased by 2% compared to the same period in 2016. Cloud services for business brought Microsoft 7.
43 billion dollars (an increase of 11%), and office products - 8.4 billion dollars (an increase of 21%). The number of subscribers to Office 365 is 27 million. The number of Xbox Live subscribers increased by 8% to 53 million. Revenues of the game area increased by 3% to 1.66 billion dollars. Sales of consoles showed a 29% increase in revenue.
Shareholders will receive 98 cents per share. The value of Microsoft shares after the publication of the report grew by 1% and now stands at 74.22 dollars.