Microsoft announced its Q2 earnings for the fiscal 2015. The Redmond giant posted a net income of $5.6 billion from $26.5 billion of revenue. The latter has increased by 8% from the same period of last year, while net income has declined by 10%. Thanks to the strong sales of low-cost smartphones, Microsoft's Phone Hardware division posted a 28% increase in sales from the same quarter a year ago. The company sold 10.5 million Lumia devices for the three months that ended in December 31 - up from 8.2 million last year. Microsoft incurred a $243 million expense to integrate the Nokia phone business it acquired. The negative impact equals $0.02 per share. The Surface business also did quite well during the quarter. Thanks to strong sales of the Surface 3, the division posted $1.1 billion of revenue - up by 24% from a year ago. The Xbox division sold 6.6 million units for the quarter. The number includes both Xbox One and Xbox 360 units. Microsoft's OEM revenue for Windows dropped by 13% during the quarter. The company's server and cloud products on the other hand grew by 9% and 116% respectively. Going forward, Microsoft expects intense competition in all markets. Redmond will continue to make investments in new products and will increase focus on services. Source...
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