Microsoft Corporation (NASDAQ:MSFT) reported higher revenue for the second quarter of fiscal 2014 driven by strong demand for its business offerings.
“We delivered record revenue as demand for our business offerings remains high and we made strong progress in our Devices and Consumer segment. These results reflect our focus on execution, cost discipline, and long-term shareholder value as we continue to drive the strategic transformation of the company,” said Amy Hood, chief financial officer of Microsoft Corporation (NASDAQ:MSFT).
Microsoft Financial results
Microsoft Corporation (NASDAQ:MSFT) posted $24.52 billion, up from $21.45 billion in the same period a year ago. The revenue of its devices and consumer segment increased 13% to $11.91 billion and its Commercial segment grew 10% to $12.67 billion.
Under its Devices and Consumer business, the revenue of Windows OEM declined 3%. The company said its Windows OEM PRO revenue climbed 12%, which offsets the weakness in the consumer PC market. Its Surface revenue doubled sequentially to $893 million.
Microsoft Corporation (NASDAQ:MSFT) sold 7.4 million Xbox consoles including 3.9 million Xbox One and 3.5 million Xbox 360 during the quarter.
The company said the revenue of SQL server and System Center increased by double digits. Its Commercial cloud services also doubled while the growth of Office 365 commercial seats and Azure customers tripled during the quarter
Microsoft Corporation (NASDAQ:MSFT) said its operating income was $7.96 billion, up from $7.77 billion. Its net income was $6.55 billion or $0.78 earnings per diluted share.
Commercial segment outpaces overall market
Steve Ballmer, CEO of Microsoft Corporation (NASDAQ:MSFT) said, “Our Commercial segment continues to outpace the overall market, and our Devices and Consumer segment had a great holiday quarter. The investments we are making in devices and services that deliver high-value experiences to our customers, and the work we are doing with our partners, are driving strong results and positioning us well for long-term growth.”