Microsoft Corp (MSFT)
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Supplied by Morningstar Inc
Earnings Release  FY13 Q4
Office 365 momentum; Business revenue drives growth
Business revenue up 6%
Office 365 momentum
Annual run rate of $1.5 billion
More than 1M Office 365 Home Premium subscribers
1 in 3 Office 365 seats running premium workloads
Exchange, SharePoint and Lync each grew double-digit
Enterprise communication business is now over $1 billion

MBD revenue increased reflecting growth in business revenue, partially offset by a decline in consumer revenue. Business revenue increased $1.2 billion or 6%, which reflects 11% growth in Office revenue from subscriptions and volume licensing agreements with software assurance, and a 12% increase in Microsoft Dynamics revenue, offset in part by a 9% decrease in Office license-only revenue. Consumer revenue decreased $582 million or 13%, primarily driven by the impact on revenue of a decline in the x86 PC market.

MBD revenue for the year ended June 30, 2013 included an unfavorable foreign currency impact of $475 million.

MBD operating income increased, primarily due to revenue growth, offset in part by higher sales and marketing expenses and cost of revenue. Sales and marketing expenses grew $185 million or 5%, primarily due to higher advertising expenses, fees paid to third-party software advisors, and increased cross-platform marketing activities. Cost of revenue grew $108 million or 6%, primarily due to an increase in online operation and support costs.

Download Segment Information:Excel (27KB)
Microsoft Business Division
RESULTS (in millions, except percentages)
2013 2012 Change
Revenue $ 24,724 $ 24,111 3%
Operating
Income
$ 16,194 $ 15,832 2%
FY14 Earnings Release Schedule
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