FY14 Q2 - Performance - Investor Relations - Microsoft

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Earnings Release FY14 Q2

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Performance

Double-digit growth in Commercial and Devices & Consumer segments drives record revenue

  • Successful holiday quarter for Devices & Consumer segment
  • Sold 7.4 million Xbox consoles, including 3.9 million Xbox One consoles
  • Continued progress on Surface, revenue and units more than doubled sequentially
  • Windows OEM revenue declined 3%, reflecting strong 12% growth in Windows OEM Pro revenue, offset by declines in non-Pro SKU’s as consumer demand continues to be soft
  • Commercial business continues to outpace the overall market
  • SQL Server revenue grew double-digits, with SQL Server Premium revenue growing more than 25%
  • System Center showed continued strength with double-digit revenue growth
  • Commercial cloud services revenue grew 107%
  • Office 365 seats, Azure customers and Dynamics CRM net seat adds all grew over 100%

Revenue increased $3.1 billion or 14%, due mainly to higher D&C Hardware and Commercial Licensing revenue.

Operating income increased $198 million or 3%, reflecting higher revenue, offset in part by higher cost of revenue and research and development expenses. Key changes in cost of revenue and operating expenses were:

• Cost of revenue increased $2.6 billion or 46%, primarily due to higher volumes of Xbox and Surface sold, as well as higher datacenter expenses.

• Research and development expenses increased $220 million or 9%, due mainly to increased investment in new products and services in our Devices and Studios and Applications and Services engineering groups.

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

FY14 Earnings Release Schedule

  • Q3-Thursday, April 24
  • Q4-Tuesday, July 22

Microsoft Corp (MSFT)

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