Microsoft Corp (MSFT)
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Supplied by Morningstar Inc
2015 Annual Report
Earnings Release  FY11 Q2
Search revenue growth continues
Online advertising revenue grew 23%, driven by growth in search
Bing continues to gain market share in the US
Continued Bing innovation with expansion of Facebook partnership
Continued progress on Yahoo! search integration

OSD revenue increased primarily as a result of growth in online advertising revenue. Online advertising revenue grew $117 million or 23% to $632 million, reflecting continued growth in Bing, offset in part by decreased third party advertising revenue.

OSD operating loss increased due to higher cost of revenue and research and development expenses, offset in part by increased revenue. Cost of revenue grew $110 million driven by costs associated with the Yahoo! search agreement. Research and development expenses grew $68 million or 28%, primarily due to headcount-related expenses associated with the search portion of the business.

Download Segment Information:Excel (27KB)
Online Services Division
RESULTS (in millions, except percentages)
Q211 Q210 Change
Revenue $ 691 $ 579 19%
$ (543) $ (463) (17)%
FY11 Earnings Release Schedule
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