Browse Prior Earnings Releases:
Earnings Release FY24 Q1
Productivity and Business Processes
Revenue increased $2.1 billion or 13%.
• Office Commercial products and cloud services revenue increased $1.5 billion or 15%. Office 365 Commercial revenue grew 18% with seat growth of 10%, driven by small and medium business and frontline worker offerings, as well as growth in revenue per user. Office Commercial products revenue declined 17% driven by continued customer shift to cloud offerings.
• Office Consumer products and cloud services revenue increased $44 million or 3%. Microsoft 365 Consumer subscribers grew 18% to 76.7 million.
• LinkedIn revenue increased $285 million or 8% primarily driven by Talent Solutions.
• Dynamics products and cloud services revenue increased $280 million or 22% driven by Dynamics 365 growth of 28%.
Operating income increased $1.6 billion or 20%.
• Gross margin increased $1.8 billion or 13% driven by growth in Office 365 Commercial. Gross margin percentage increased slightly. Excluding the impact of the change in accounting estimate, gross margin percentage increased 1 point driven by improvement in Office 365 Commercial.
• Operating expenses increased $119 million or 2% primarily driven by LinkedIn.
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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards