Home > Industry > Phone Division Continue To Slip In Microsoft’s Q1 Report

Phone Division Continue To Slip In Microsoft’s Q1 Report

Microsoft have released their first quarterly financial report of the 2017 fiscal year, reporting $22.3 billion in revenue.

With analysts speculating the company would report only $21.7 billion in revenue, the report surpassed both expectations and last year’s results.

However, it’s not all good news. The company’s gaming division reported a 5% slip in growth while their phone division fell 72% in revenue.

In comparison, the company’s Surface division reported gains of 38%, rising to $926 million in Q1 2017.

Another strong performer was the company’s intelligent cloud division, which grew revenues to the sum of 11%. 

Microsoft’s Azure service was a big contributor here, growing individual revenues 116%.

“We are helping to lead a profound digital transformation for customers, infusing intelligence across all of our platforms and experiences,” Microsoft CEO Satya Nadella said in a statement.

“We continue to innovate, grow engagement, and build our total addressable market.”

You may also like
Microsoft Surface Cranks Up Tax Time Sale
DMCA Takedown Notice Confirms Windows 11 Leak Is Real
Augmented Reality Market To Hit $233B By 2026
Xbox One Consoles To Get Next-Gen Cloud Games
First Look At Windows 11 Redesign