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Microsoft reports falling revenues, slowing Surface sales in latest quarter

Discussion in 'Microsoft News' started by Jacob Kastrenakes, Oct 22, 2015.

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    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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