FY11 Q1 - Performance - Investor Relations - Microsoft

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Earnings Release FY11 Q1

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Performance

Product momentum with solid execution led to record results

  • Record first quarter revenue, OI and EPS
  • Bookings growth of 24%
  • Operating margin expansion due to continued cost management
  • Healthy demand from both businesses and consumers

Revenue increased primarily due to strong sales of Windows 7, the 2010 Microsoft Office system, Server and Tools products, and the Xbox 360 console and video games. Revenue also increased due to the deferral in the prior year of approximately $1.5 billion of revenue related to the Windows 7 Deferral. Changes in foreign currency exchange rates had an insignificant impact on revenue.

Operating income increased reflecting the change in revenue, offset in part by higher operating expenses. Key changes in operating expenses were:

• Cost of revenue increased $297 million or 10%, primarily reflecting higher online costs and increased volumes of Xbox 360 consoles sold.

• General and administrative expenses increased $197 million or 27%, due mainly to increased legal charges and headcount-related expenses.

• Research and development expenses increased $131 million or 6%, due mainly to higher headcount-related expenses and third-party development and programming costs.

Diluted earnings per share increased reflecting increased net income and the repurchase of 485 million shares during the 12 months ended September 30, 2010.

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.

Download Earnings Related Files

FY11 Earnings Release Schedule

  • Q2-Thursday, Jan 27
  • Q3-Thursday, April 28
  • Q4-Thursday, July 21

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