Microsoft reports falling revenues, slowing Surface sales in latest quarter

Microsoft's revenue was down during the first quarter of its 2016 fiscal year, the company reported today in an earnings release. Revenue came in at $20.4 billion, down 12 percent year over year, while income came in at $5.8 billion, down just 1 percent from the same time last year. Net income was at $4.6 billion, a 2 percent increase. Declines came from a number of categories, but one of the notable dips was in Surface hardware. While Surface revenue had been climbing quickly over the past year, it's now fallen to $672 million, down from $908 million in the same quarter of 2015.


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