FY17 Q3 - Income Statements - Investor Relations - Microsoft

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Earnings Release FY17 Q3

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Income Statements

$(in millions, except per share amounts) (Unaudited) Three Months Ended
March 31,
Nine Months Ended
March 31,
2017 2016 2017 2016
Revenue:
Product
$ 13,391
$ 14,321
$ 43,421
$ 47,514
Service and other
8,699
6,210
23,212
17,192
Total revenue
22,090
20,531
66,633
64,706
Cost of revenue:
Product
3,075
3,801
12,034
14,104
Service and other
4,985
3,921
13,771
10,697
Total cost of revenue
8,060
7,722
25,805
24,801
Gross margin
14,030
12,809
40,828
39,905
Research and development
3,355
2,980
9,523
8,842
Sales and marketing
3,879
3,406
11,183
10,699
General and administrative
1,202
1,140
3,126
3,262
Operating income
5,594
5,283
16,996
17,102
Other income (expense), net
322
(247)
608
(698)
Income before income taxes
5,916
5,036
17,604
16,404
Provision for income taxes
1,115
1,280
2,913
2,728
Net income
$ 4,801
$ 3,756
$ 14,691
$ 13,676
Earnings per share:
Basic
$ 0.62
$ 0.48
$ 1.89
$ 1.72
Diluted
$ 0.61
$ 0.47
$ 1.87
$ 1.70
Weighted average shares outstanding:
Basic
7,725
7,895
7,756
7,952
Diluted
7,813
7,985
7,840
8,041
Cash dividends declared per common share
$ 0.39
$ 0.36
$ 1.17
$ 1.08
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.

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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards

FY17 Earnings Release Schedule

  • Q4-Thursday, July 20

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2017 ANNUAL REPORT