Microsoft Corp (MSFT)
Market Cap
52 Week High
52 Week Low 
Supplied by Morningstar Inc
2015 Annual Report
Earnings Release  FY13 Q1
PC market transition ahead of launch
Inventory drawdown in anticipation of Windows 8
Windows 8 pre-sales revenue 40% higher than Windows 7 in comparative launch quarter
Double-digit growth in volume licensing
Enterprises continue Windows 7 migration
Surface pricing and availability announced on Oct 16

Windows Division revenue decreased from the prior year, due mainly to the deferral of $783 million of revenue related to Windows 8 Pre-Sales and $384 million of revenue related to the Windows Upgrade Offer. Windows Division revenue was also negatively impacted by a decline in the PC market, decreased inventory levels within distribution channels as OEMs and retailers began to prepare for the Windows 8 launch, and continued higher relative growth in emerging markets, where average selling prices are lower than developed markets.

Windows Division operating income decreased, due mainly to lower revenue. Operating expenses were impacted by higher research and development expenses, which were offset by lower sales and marketing expenses. Research and development expenses increased $43 million or 10%, primarily associated with Windows 8 and Surface. Sales and marketing expenses decreased $51 million or 8%, reflecting decreased corporate marketing activities, offset in part by increased advertising of Windows.

Download Segment Information:Excel (27KB)
Windows and Windows Live Division
RESULTS (in millions, except percentages)
Q113 Q112 Change
Revenue $ 3,244 $ 4,874 (33)%
$ 1,646 $ 3,270 (50)%
FY13 Earnings Release Schedule
IMPORTANT NOTICE TO USERS (summary only, click here for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our Forms 10-Q and 10-K.