Microsoft Corp (MSFT)
Earnings Release  FY13 Q3
Launch of the new Office; Business revenue drives growth
Business revenue up 10%
Multi-year licensing revenue up 16%
Office 365 momentum
New Office for consumers launched in January
Exchange, SharePoint, Lync and Dynamics each grew double digits
Lync revenue up >30%

MBD revenue increased, due to overall increased sales of the Microsoft Office system, as well as the recognition of $101 million of revenue related to Office Pre-Sales and a net $92 million of revenue related to the Office Upgrade Offer. Business revenue increased $477 million or 10%, reflecting growth in multi-year volume licensing revenue and a 13% increase in Microsoft Dynamics revenue. Consumer revenue was flat, reflecting the recognition of revenue related to the Office Deferral, offset in part by the impact on revenue of a decline in the x86 PC market.

MBD revenue for the three months ended March 31, 2013 included an unfavorable foreign currency impact of $114 million.

MBD operating income increased, due mainly to revenue growth, offset in part by higher sales and marketing expenses. Sales and marketing expenses increased $126 million or 13%, primarily due to increased advertising, fees paid to third-party software advisors, and cross-platform marketing activities.

Download Segment Information:Excel (27KB)
Microsoft Business Division
RESULTS (in millions, except percentages)
Q313 Q312 Change
Revenue $ 6,319 $ 5,842 8%
Operating
Income
$ 4,104 $ 3,797 8%
FY13 Earnings Release Schedule
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