As we come into the close of another fiscal quarter and companies are now reporting their latest quarterly earnings, Microsoft is a major part of that cycle. As one of the largest in the world with products in business, networking, and gaming, Microsoft is well worth watching among technology investment enthusiasts. With that in mind, the company reported its Q4 2021 earnings, closing out its previous fiscal year. As one of the report’s major highlights, Xbox Series X/S sales figured very heavily into a major increase in gaming revenue for the company.
Microsoft reported its Q4 2021 Earnings Report on the Microsoft Investor Relations website on July 27, 2021. For the most part, Microsoft reported a strong previous quarter and end to its fiscal year, but a major contributing factor to that was gaming revenue. Microsoft increased its gaming revenue by $357 million USD, or 11 percent, over its previous earnings report. The major contributor? The Xbox Series X/S consoles, which aided
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Microsoft (MSFT) Q3 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Microsoft (NASDAQ: MSFT)
You may begin.
General Manager, Investor Relations
Good afternoon, and thank you for joining us today. On the call with me are Satya Nadella, chief executive officer; Amy Hood, chief financial officer; Alice Jolla, chief accounting officer; and Keith Dolliver, deputy general counsel. On the Microsoft Investor Relations website, you can find our earnings press release and financial summary slide deck, which is intended to supplement our prepared remarks during today s call and provides a reconciliation of differences between GAAP and non-GAAP financial measures. Unless otherwise specified, we will refer to non-GAAP metrics on the call.