FY18 Q3 - Productivity and Business Processes Performance - Investor Relations - Microsoft

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Earnings Release FY18 Q3

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Productivity and Business Processes

Revenue increased $1.3 billion or 17%, including a favorable foreign currency impact of 3%.

• Office Commercial revenue increased $754 million or 14%, driven by Office 365 commercial revenue growth, mainly due to growth in subscribers, offset in part by lower revenue from products licensed on-premises, reflecting a continued shift to Office 365 commercial.

• Office Consumer revenue increased $108 million or 12%, driven by Office 365 consumer revenue growth, mainly due to growth in subscribers.

• LinkedIn revenue increased $359 million or 37%, driven by strong momentum across all businesses.

• Dynamics revenue increased 17%, driven by Dynamics 365 revenue growth.

Operating income increased $575 million or 23%, including a favorable foreign currency impact of 4%.

• Gross margin increased $1.0 billion or 18%, driven by growth in Office and LinkedIn. Gross margin percentage increased slightly, primarily due to gross margin percentage improvement in Office 365 commercial and LinkedIn, offset in part by an increased mix of cloud offerings. Gross margin included a favorable foreign currency impact of 3%.

• Operating expenses increased $468 million or 14%, driven by investments in LinkedIn, commercial sales capacity, and cloud engineering. Operating expenses included an unfavorable foreign currency impact of 2%.

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

FY18 Earnings Release Schedule

  • Q4-Thursday, July 19

Microsoft Corp (MSFT)

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