Showing posts with label profits. Show all posts
Showing posts with label profits. Show all posts

Thursday, October 25, 2007

Halo 3 Leads Microsoft Games Division to Profitable Quarter


Fresh off the news that their primary competitor Sony is reporting a $841 Million loss this past quarter, Microsoft's Entertainment and Devices division, which houses all things Xbox, has turned a profit. In the most recent quarter that ended September 30, the division had revenue of $1.929 billion and operating income of $165 million -- a remarkable turnaround over the same period last year, when they reported revenue of $1.011 billion and an operating loss of $142 million.

It's seems a certain record-shattering Spartan soldier had something to do with it.Microsoft Corporation itself had an operating income of $5.92 billion and revenue of $13.76 billion. That's a 27% revenue increase over the same time last year, reportedly its biggest increase since 1999.

Meanwhile the $841 Million loss by Sony's game division was more than double the $381 Million loss reported during the same period a year ago.