Rumors and concerns surfaced in October that Microsoft was going to kill its Surface device line after reports of declining sales. Redmond's company vehemently denied that it would take such a step.
Now, staying true to your weapons seems to have paid off, according to the company's latest quarterly financial report.
In its financial results for the third quarter of 2018, Microsoft reported that Surface's earnings revenue increased by 32% throughout the year. year. In the previous quarter that ended on January 31, Surface's revenues only increased by a single percentage, which also came after two previous sad quarters in which revenues fell by 2% and 26%, respectively.
Does Surface return to the map? Not yet.
Microsoft will have to maintain the momentum of its devices so that the production of its own hardware is worthwhile. The good news is that Microsoft still has a lot of time in the year to announce new products, some of which may be a new Surface Studio 2, Surface Pro 5 or Surface Laptop 2.
Overall, Microsoft exceeded expectations with its third quarter results, reporting a total income of $ 26.8 billion and a net income of $ 7.4 billion. A big part seems to be thanks to a 39% increase in Azure's revenue, Microsoft's artificial intelligence and the cloud-based computing client.
Xbox also seems to remain an important part of Microsoft's business, reaching 59 million active users this quarter while Xbox software and services revenues grew 24%.
Finally, Microsoft claims to have more than 135 million active business users of Office 365 and 30.6 million with consumer subscriptions to the service.
Via Bloomberg