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Microsoft’s hardware division continues momentum, posts revenue jump of 21% to $1.3B

Microsoft’s hardware division continues momentum, posts revenue jump of 21% to $1.3BMicrosoft’s Floor division is on a roll.

After posting a staggering 39 % revenue development over the vacation season and inching nearer to hitting $2 billion in quarterly revenue for the primary time, the hardware group stored the momentum getting in the latest quarter. The Floor division reported revenue of $1.3 billion within the third quarter of the Microsoft fiscal 12 months, and whereas that’s down from final quarter’s blistering tempo, it’s up 21 % over a 12 months in the past.

Although Microsoft didn’t launch any new units within the quarter, it unveiled refreshed variations of the preferred Floor tablets and computer systems in addition to the surprising new Surface Headphones at an occasion in October. Reveal occasions within the fall, forward of the vacation buying season, have develop into a development amongst most massive firms, and it seems to have paid off for Microsoft this time round.

To date this quarter, Microsoft has already held one hardware occasion. Final week, the corporate debuted a number of variations of the follow-up to its Home windows 10-powered interactive convention pc: Surface Hub 2. The gadget begins transport in June at a beginning value of $9,000.

Although the Floor division has been rising at a speedy clip, Microsoft expects that to gradual within the subsequent quarter. On a name with traders, CFO Amy Hood stated the corporate expects the Floor division to submit low double digit development.

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