Profits tumble for Microsoft despite Xbox growth

Profits tumble for Microsoft despite Xbox growth

By Ben Parfitt

October 26th 2009 at 10:38AM

But thereâ??s more good news for Xbox, with profit doubling at Entertainment and Devices division

Windows and Xbox platform holder Microsoft has reported its results for the first quarter of its 2010-2011 financial year, revealing falls in revenue and income for the three months ending September 30th.

However, there was good news for the company’s Entertainment and Devices Division, which saw yet another year of growth. EDD enjoyed profits of $312m – almost double the $159 profit reported in the same period the year before.

EDD Revenue was marginally up at $189m.

Overall, Microsoft suffered a 14 per cent dip in revenues, which totalled $12.92bn. Profit reached $3.97bn, a drop of 18 per cent, whilst net income was down 25 per cent at $4.48bn.

The full story can be found over at MCV.