Microsoft’s entertainment and devices division have reported a first quarter income of USD$165 million. Revenue for the division was USD$1.93 billion, up from USD$1.01 billion in 2006. Overall, the company’s revenue totalled USD$13.76 billion for the quarter ending September 30, a 27 per cent increase over the same period of the prior year. This represent the fastest revenue growth of any first financial quarter since 1999, according to Chris Liddell, chief financial officer at Microsoft. And while their second quarter will not include any Halo 3 releases, Microsoft still expect high revenues in the range of USD$15.6 to 16.1 billion in this period.

via GamesIndustryBiz

Like this post? Subscribe to our RSS feed.

This entry was posted by Justin Arulnathan on Friday, October 26th, 2007 at 6:38 am and is filed under Industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.