Microsoft sold $1.3 billion in domain names for $2 billion in the first quarter, and the company said it expects to continue making that sale of the new domains.
The sales were announced Monday in a press release, which said Microsoft had bought up 1,933 domains that it believes have “the potential to be highly valuable in the future.”
Microsoft has been using its new Microsoft.com domain name to launch new services such as Office 365, the Microsoft Surface and Surface Hub, and to make announcements and promotional content for its upcoming Xbox One console.
Microsoft also said it plans to buy new Microsoft branded websites, apps and services from other companies.
Microsoft has also recently been building out its brand new Microsoft Office 365.
In the first nine months of this year, the company sold $2.2 billion worth of Office 365 domains, which will increase to $2,731 million in the third quarter.
Microsoft said that the total number of Microsoft.org domain names sold was 5.1 billion.
Microsoft’s $1 trillion in revenue in the fourth quarter of 2015 came from its Office 365 business, which includes Office and online productivity products.
In addition to the Office 365 domain name sales, Microsoft also announced that it had purchased a second new domain, Microsoft.cloud.com, for $1 million.
Microsoft cloud.com will be the company’s “central hub for cloud services” and will allow customers to access Microsoft’s online services and applications.
Microsoft plans to keep the new domain name for at least a year.
Microsoft is also getting ready to launch a new Windows 10 operating system, which is expected to be available later this year.