Microsoft has released its financial results for the quarter ended September 30, 2015, and they show that while sales overall were down, revenues for Xbox Live rose 17 per cent.
Total Microsoft revenue was reported as $20.4 billion GAAP ($21.7 billion non-GAAP) which represent a fall of 12 per cent on last year. Net income was $4.6 billion GAAP ($5.4 billion non-GAAP), a 2 per cent rise on last year. Operating income was $5.8 billion GAAP ($7.1 billion non-GAAP)
In its financial presentation it reported gaming revenue grew by 6 per cent while Xbox hardware revenue was down, something Microsoft attributed to declining Xbox 360 sales.
"We are making strong progress across each of our three ambitions by delivering innovation people love," said CEO Satya Nadella.
"Customer excitement for new devices, Windows 10, Office 365 and Azure is increasing as we bring together the best Microsoft experiences to empower people to achieve more."
Microsoft stock rose more than 5 per cent to $48.03 per share in after-hours trading.