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Microsoft Announces Record First Quarter Earnings

News

by Jeff Marchiafava on October 28, 2010 at 06:31 PM

3,004 Views

Brace yourself: Today Microsoft is reporting that it has made a whole lot of money this past quarter, and Xbox 360 is part of the reason. Microsoft's Q1 revenue totaled $16.20 billion, which is 25% more than the first quarter of last year.

Microsoft's chief financial officer Peter Klein had this to say about the record earnings: “This was an exceptional quarter, combining solid enterprise growth and continued strong consumer demand for Office 2010, Windows 7, and Xbox 360 consoles and games...Our ability to grow revenue while continuing to control costs allowed us to deliver another quarter of year-over-year margin expansion.”

The earnings release also reveals that Xbox 360 console sales have increased 38%, outselling the Wii and PlayStation 3 for the past four months in America. It should be interesting to see how the impending release of Kinect affects the company's bottom line in the year to come. In the meantime, you can view the whole earning report for yourself here.

Email the author Jeff Marchiafava, or follow on Google+, Twitter, and Game Informer.

Filed under: News, Xbox 360, Microsoft

Comments

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by Galaxy09 Thursday, October 28, 2010 at 06:37 PM

Microsoft is awesome. Halo is awesome. Taco Bell is awesome.
by Odd Samuel Thursday, October 28, 2010 at 06:38 PM

Woooo! Go Sony!

...ma bad, wrong article.
by Vurtax Thursday, October 28, 2010 at 06:45 PM

Impressive, but I would like to know what Microsoft Game Studios itself made.
by Bacho Thursday, October 28, 2010 at 06:49 PM

Thumbs up if you want what they're having? :D
by Carl Brutananadilewski Thursday, October 28, 2010 at 06:58 PM

I wonder what percentage of revenue is from previous customers who got the "Red Ring of Death" and bought another console. Not a slam, just curious.
by Chris Mrkvicka Thursday, October 28, 2010 at 06:58 PM

Alright, now invest some of that money in some quality games that can come out in the next few years.
by RavenSEAL Thursday, October 28, 2010 at 07:10 PM

Hmm...i wonder how many idiots MS got to jump on that "Slim" crap...thats probably where that 38% increase comes in...
by ImNickson Thursday, October 28, 2010 at 07:15 PM

Im willing to bet much of the profit is from people buying the Original 360, at a reduced price, after the slim launched.
by Frankdaddy28 Thursday, October 28, 2010 at 07:29 PM

So basically MS can still make lots of money in a second Great Depression
by Tommy H. Thursday, October 28, 2010 at 07:55 PM

I gotta say, I'm pretty sure the new slim version had something to do with the 360 sales jump.
by Magyver4723 Thursday, October 28, 2010 at 08:03 PM

Go Microsoft!
by BJIZAL Thursday, October 28, 2010 at 08:07 PM

THATS WAS UP
by Dogfonos Thursday, October 28, 2010 at 08:12 PM

I think a good chunk of those profits were because of people buying the new Xbox 360 since their's just died.

How do I know? Because I was one of those people.
by Arkain Thursday, October 28, 2010 at 09:11 PM

Good for microsoft, anything to get my mac zombie of a dad to shut up about how awesome macbook air is when he already has a macbook pro and likes to b*tch about microsoft.
by cowboyupinblue Thursday, October 28, 2010 at 09:15 PM

Good for them, they deserve it. XBox 360 is a great system with probably the strongest game library in the history of video games (yup, I said it), and Windows 7 is the best OS they've ever made.

Sad to say that Move > Kinect, and the outlook for the next two years seems to say Sony will come out on top.
by Chance Thursday, October 28, 2010 at 09:43 PM

Okay. Now make good games, and a console that doesn't have a 48.2% fail rate.

Comon' microsoft you're not broke here. Make me want a 360! I would like to get into it, (I'm getting there... with exclusives I guess) but I'm just not there yet.

Don't get greedy...
by JetSetRadioFuture! Thursday, October 28, 2010 at 09:47 PM

Yes!! Praise the 360.
by Warthog911 Thursday, October 28, 2010 at 09:50 PM

How about a break on the price of live then, cash cow!!

Eat it Ps3 owners.. Oh wait I own one! sh!t!!
by bioshocker Thursday, October 28, 2010 at 10:05 PM

Congrats to Microsoft :)
by Stereochrome Thursday, October 28, 2010 at 11:32 PM

Glad to see the Xbox (and therefore Microsoft) is doing well--

but of course, that hardly came as a surprise.