Microsoft’s Floor and Xbox {hardware} revenues take an enormous hit in Q3

Vector collage of the Microsoft logo among arrows and lines going up and down.
Picture: The Verge

Microsoft simply posted the third quarter of its 2024 fiscal monetary outcomes. The software program maker made $61.9 billion in income and a internet earnings of $21.9 billion throughout Q3. Income is up 17 p.c, and internet earnings has elevated by 20 p.c.

That is the second quarter in a row that Microsoft is together with its extra income from its Activision Blizzard acquisition that briefly pushed gaming to be Microsoft’s third-largest enterprise. This time round, gaming is again into fourth place behind Home windows because of stronger than anticipated Home windows OEM income this quarter.

Regardless of a powerful quarter for Microsoft with Workplace income and Microsoft Cloud income up 23 p.c yr over yr, Microsoft’s total gaming revenues are solely up because of…

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