Microsoft Corp (MSFT)
Earnings Release FY14 Q1
Key Performance Indicators (in millions, except percentages)
Q113 Q213 Q313 Q413 FY13 Q114
Consolidated
Total bookings growth (y/y) ~flat 11% 5% 4% 5% 6%
Contracted not billed ~$20,000 >$21,000 >$21,000 ~$21,000 ~$21,000 >$21,000
Unearned revenue
Total unearned revenue balance $17,691*++ $17,371+ $17,121* $22,399 $22,399 $20,101+++
Commercial Licensing $15,149 $14,782 $14,217 $18,460 $18,460 $16,270
Commercial Other $1,324 $1,378 $1,446 $2,272 $2,272 $1,989
Rest of the segments $1,218*++ $1,211+ $1,458* $1,667 $1,667 $1,842+++
Unearned revenue - expected future recognition
+1 quarter $7,152 $7,219 $6,925 $7,790 $7,790 $7,926
+2 quarters $5,235 $4,892 $4,417 $6,571 $6,571 $6,148
+3 quarters $3,113 $2,518 $3,187 $4,252 $4,252 $3,417
+4 quarters $899 $1,287 $1,198 $2,026 $2,026 $981
Thereafter $1,292 $1,455 $1,394 $1,760 $1,760 $1,629
Product revenue mix (approximate)
Annuity 50% 40% 50% 50% 45% 50%
Non-Annuity 50% 60% 50% 50% 55% 50%
Devices & Consumer
Xbox console unit sales 1.7 5.9 1.3 1.0 9.9 1.2
Surface revenue ** ** ** ** $853 $400
Windows OEM Pro revenue growth (y/y) ** ** ** ** ** 6%
Windows OEM non-Pro revenue growth (y/y) ** ** ** ** ** -22%
Office Consumer revenue growth (y/y) -11% -5% -17% -30% -15% -23%
Online advertising revenue growth (y/y) 7% 9% 12% -1% 7% 13%
U.S. search share 15.9% 16.3% 16.9% 17.9% ** 18.0%
Office 365 Home Premium subscriber growth (y/y) N/A N/A N/A N/A N/A N/A
Commercial
Office Commercial revenue growth (y/y) 4% 4% 9% 7% 6% 11%
Server product revenue growth (y/y) 8% 10% 11% 9% 10% 12%
Dynamics revenue growth (y/y) 3% 10% 3% 11% 7% 10%
Windows volume licensing revenue growth (y/y) ** ** ** ** ** 6%
Enterprise services revenue growth (y/y) 13% 10% 11% 9% 11% 9%
Commercial cloud revenue growth (y/y) ** ** ** ** ** 103%
Office 365 commercial seat growth (y/y) ** ** ** ** ** 135%

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FY14 Earnings Release Schedule
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