Microsoft Corp (MSFT)
Earnings Release  FY13 Q1
Continued growth in productivity server applications
Multi-year licensing revenue up 8%
Transactional revenue declined due to weak PC market and upcoming launch
Dynamics CRM revenue grew >30%
Exchange, SharePoint and Lync collectively grew double-digits
New Office released to manufacturing on Oct 11

MBD revenue decreased, mainly reflecting $189 million of revenue deferred primarily related to the Office Deferral, offset in part by overall increased sales of the 2010 Microsoft Office system. Business revenue increased $142 million or 3%, primarily reflecting growth in multi-year volume licensing revenue and a 6% increase in Microsoft Dynamics revenue. Consumer revenue decreased $275 million or 25% driven by the Office Deferral and a decline in the PC market.

MBD revenue for the three months ended September 30, 2012 included an unfavorable foreign currency impact of $119 million.

MBD operating income decreased, mainly due to lower revenue, offset in part by decreased research and development expenses. Research and development expenses decreased $64 million or 13%, primarily due to the capitalization of certain Microsoft Office system software development costs, offset in part by increased headcount-related expenses.

Download Segment Information:Excel (27KB)
Microsoft Business Division
RESULTS (in millions, except percentages)
Q113 Q112 Change
Revenue $ 5,502 $ 5,635 (2)%
Operating
Income
$ 3,646 $ 3,717 (2)%
FY13 Earnings Release Schedule
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