Browse Prior Earnings Releases:
Earnings Release FY21 Q4
Productivity and Business Processes
Revenue increased $7.5 billion or 16%.
• Office Commercial products and cloud services revenue increased $4.0 billion or 13%. Office 365 Commercial revenue grew 22% driven by seat growth of 17% and higher revenue per user. Office Commercial products revenue declined 23% driven by continued customer shift to cloud offerings and transactional weakness.
• Office Consumer products and cloud services revenue increased $474 million or 10% driven by Microsoft 365 Consumer subscription revenue, on a strong prior year comparable that benefited from transactional strength in Japan. Microsoft 365 Consumer subscribers increased 22% to 51.9 million.
• LinkedIn revenue increased $2.2 billion or 27% driven by advertising demand in our Marketing Solutions business.
• Dynamics products and cloud services revenue increased 25% driven by Dynamics 365 growth of 43%.
Operating income increased $5.6 billion or 30%.
• Gross margin increased $6.5 billion or 18% driven by growth in Office 365 Commercial and LinkedIn, and the change in estimated useful lives of our server and network equipment. Gross margin percentage increased with the change in estimated useful lives of our server and network equipment. Excluding this impact, gross margin percentage decreased slightly driven by a sales mix shift to cloud offerings, on a low prior year comparable impacted by increased usage.
• Operating expenses increased $839 million or 5% driven by investments in commercial sales, cloud engineering, and LinkedIn.
Revenue, gross margin, and operating income included a favorable foreign currency impact of 2%, 3%, and 4%, respectively.
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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards