Microsoft and Xbox just posted the third quarter of its 2024 fiscal financial results. The revenue they are making is very shocking.
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The Microsoft software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3.
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Microsoft's revenue is up 17 percent, and net income has increased by 20 percent.
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Microsoft's additional revenue from its Activision Blizzard acquisition briefly pushed gaming to be Microsoft’s third-largest business.
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Microsoft is hoping to boost its Windows OEM revenues over the summer, with the launch of “AI PCs” that are powered by Qualcomm’s Snapdragon chips.
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Investors are also looking to see signs of revenue from Microsoft’s big AI investments over the past year