Microsoft announces $62 billion revenues
Entertainment and Devices division increases profit margin by 529% to $679 million for the year
Microsoft has announced total revenues for its fiscal year ending June 30, 2010 as $62.5 billion - a rise of $4 billion over the previous year, while the software giant's net income stood at $18.7 billion, a rise of $4.2 billion on fiscal 2009.
The Entertainment & Devices saw revenue rise significantly over the last three months of that year to hit $1.6 billion, up from $1.3 billion in the same period of 2009, while the full year revenue rose by just $20 million to $8.058 billion overall.
That segment of the corporation, which includes the Xbox business, resulted in a loss of $172 million for the last quarter, but saw profit over the whole 12 months jump from $108 million is fiscal 2009 to $679 million in fiscal 2010 - a rise of 529 per cent.
The company revealed that it shipped 1.5 million Xbox 360 units between April and June this year, compared with 1.2 million the previous year - but full year numbers were down overall, falling from 11.2 million to 10.3 million.
However, the strong rise in net income was mainly attributed to the decreasing cost of the segment's revenue, which fell by $528 million - in part thanks to "lower Xbox 360 costs", while royalties from third-party content on Xbox Live also increased.