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Earnings Release FY20 Q1

NarrativePower BI

Productivity and Business Processes

Revenue increased $1.3 billion or 13%.

Office Commercial revenue increased $807 million or 13%, driven by Office 365 Commercial, offset in part by lower revenue from products licensed on-premises, reflecting a continued shift to cloud offerings. Office 365 Commercial revenue grew 25%, due to growth in seats and higher average revenue per user.

Office Consumer revenue increased $51 million or 5%, driven by Office 365 Consumer, due to recurring subscription revenue, and transactional strength in Japan.

LinkedIn revenue increased $379 million or 25%, driven by growth across each line of business.

Dynamics revenue increased 14%, driven by Dynamics 365.

Operating income increased $901 million or 23%.

Gross margin increased $1.2 billion or 16%, driven by growth in Office Commercial and LinkedIn. Gross margin percentage increased, due to gross margin percentage improvement in LinkedIn and Office 365 Commercial, offset in part by an increased mix of cloud offerings.

Operating expenses increased $287 million or 8%, driven by investments in LinkedIn and cloud engineering.

Revenue, gross margin, and operating income included an unfavorable foreign currency impact of 2%, 3%, and 4%, respectively.

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