Microsofts games division celebrates first profit

After years of losses, Microsoft’s Entertainment and Devices Division has for the first time reported a profit, raking in operating income of $165 million for the quarter ending September 30th – a stark improvement over the $142 million loss in the same period last year.

The Division’s revenue reached $1.93 billion, up by almost $1 billion on the year before.

Microsoft’s overall revenue totalled $13.76 billion for the period, a 27 per cent rise on the same period last year. Income hit $4.92 billion.

"This fiscal year is off to an outstanding start with the fastest revenue growth of any first quarter since 1999,” chief financial officer Chris Liddell stated.

About MCV Staff

Check Also

NBA 2K21

2K announces prices and terms for next-gen and cross-gen versions of NBA 2K21 – but it could be simpler

£5 premium for next-gen versions plus cross-gen editions available at a premium