Microsoft Corp. released their 3rd quarter earnings today, with an overall revenue of 20.40 billion as of March 31st, 2014. Market analysts had predicted the company to post a earnings report of 20.39 billion in revenue, but the company came back with a stronger than expected earnings report. This helped to boost the earnings per share to $0.68.
Commercial revenue was the biggest boost to the tech giants quarterly posting. The company earned 12.23 billion in revenue from the market, and the majority of that came from businesses adding new windows licenses, along with Office 365 as their platform of choice. Azure also announced more than 40 new features for the global cloud network. This came along side an announcement that the application manager grew over 150% in the last quarter.
Consumer revenue grew by 12% to 8.30 billion on top of strong device sales. Office 365 added approximately 1 million customers to give Microsoft a total of 4.4 million users. XBox sales have also been strong, with a total sale of 2 million units, and 1.2 million of those sales coming from the XBox One gaming console. XBox live has also increased 17% in total transactions for the online gaming network app.
Microsoft is also in the final phase of acquiring Nokia. The sale is expected to take place on April 25th, 2014, and should add to profits for the next quarter of sales once they are posted. Surface tablets have boosted device sales to 500 million in revenue, which is a 50% gain in profits from the previous quarter.