FY19 Q3 - Productivity and Business Processes Performance - Investor Relations - Microsoft

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Earnings Release FY19 Q3

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Productivity and Business Processes

Revenue increased $1.2 billion or 14%.

• Office Commercial revenue increased $737 million or 12%, driven by Office 365 Commercial, due to growth in subscribers and average revenue per user, offset in part by lower revenue from products licensed on-premises, reflecting a continued shift to Office 365 Commercial.

• Office Consumer revenue increased $76 million or 8%, driven by Office 365 Consumer, due to growth in subscribers, and transactional strength in Japan.

• LinkedIn revenue increased $361 million or 27%, driven by growth across each line of business.

• Dynamics revenue increased 13%, driven by Dynamics 365 growth.

Operating income increased $864 million or 28%.

• Gross margin increased $1.0 billion or 15% driven by growth in Office Commercial and LinkedIn. Gross margin percentage increased slightly, 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 $162 million or 4%, driven by investments in LinkedIn and cloud engineering, offset in part by a decrease in Office advertising.

Gross margin and operating income included an unfavorable foreign currency impact of 2%. Operating expenses included a favorable 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

Microsoft Corp (MSFT)

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