Microsoft Games Division Posts Profit

October 26th, 2007, 23:40 Posted By: Elven6

October 25, 2007 - Microsoft's Entertainment and Devices Division, which includes the Xbox 360 segment, generated $165 million in profit during the first quarter of its fiscal year, on revenue of more than $1.9 billion, the company reported today.

During the corresponding quarter last year, the division lost $142 million on revenue of about $1 billion. Microsoft in part credited the massive launch of Halo 3 with the games segment's success this quarter. The title generated more than 3.3 million units during the second half of September, a performance Microsoft bills as the biggest entertainment launch in history.

Overall, Microsoft Corp. reported revenue of $13.76 billion for the first fiscal quarter, a 27% increase over the same period of the prior year. Operating income and net income were $5.92 billion and $4.29 billion respectively.

"This fiscal year is off to an outstanding start with the fastest revenue growth of any first quarter since 1999," said Chris Liddell, chief financial officer at Microsoft. "Operating income growth of over 30% also reflects our ability to translate revenue into profits while making strategic investments for the future."

http://xbox360.ign.com/articles/830/830446p1.html

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