Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent. This is the second quarter in a row that Microsoft is including its additional revenue from its Activision Blizzard acquisition that’s pushed gaming to be Microsoft’s third largest business, above Windows.
Microsoft will be relying on this push, particularly on the Surface side. Once again, devices revenue has declined in Q3 by a massive 17 percent. Devices revenue has been down for well over 12 months now, despite new launches of Surface devices and Microsoft switching up its hardware portfolio amid layoffs. Microsoft now has a new Windows and Surface chief, after Panos Panay’s surprise departure to Amazon last year.