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MSFT · MICROSOFT CORP

50 filings

10-Q

MSFT 10-Q Quarterly Reports

MICROSOFT CORP - 50 quarterly reports

Filing record · 2016–202610-K1110-Q328-K106

MSFT filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 106 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Dec ’16Dec ’16
  2. Leadership change8-K · Sep ’18Sep ’18
  3. FY2021 annual report10-K · Jul ’21Jul ’21
  4. Leadership change8-K · Sep ’25Sep ’25
  1. 2026-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2026

    Microsoft Corporation (MSFT) reported strong financial results for the third quarter and the first nine months of fiscal year 2026, ending March 31, 2026. Total revenue increased by 18% year-over-year for both periods, reaching $82.9 billion for the quarter and $241.8 billion for the nine months. Net income also saw significant growth, up 23% to $31.8 billion for the quarter and 31% to $98.0 billion for the nine months. This performance was largely driven by robust growth in the Microsoft Cloud segment, which saw revenue increase by 29% to $54.5 billion for the quarter. The Intelligent Cloud segment, propelled by Azure, also demonstrated strong revenue growth of 30% to $34.7 billion for the quarter. While the More Personal Computing segment experienced a slight revenue dip of 1%, the company's strategic investments in AI infrastructure and product development continue to be a key focus, impacting gross margin percentages across segments due to increased compute capacity and AI usage costs. The company continues to prioritize returning capital to shareholders, with significant share repurchases and dividend payments. As of March 31, 2026, $44.0 billion remained authorized under its share repurchase program. Microsoft's strong financial position and consistent revenue growth across its core segments, particularly in cloud services, position it favorably amidst evolving market dynamics and ongoing investments in artificial intelligence.

    Apr 29, 2026
  2. 2026-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2025

    Microsoft Corporation (MSFT) reported strong financial results for the quarter and six months ending December 31, 2025. Revenue saw a significant increase of 17% and 18% respectively, driven by robust performance in its Intelligent Cloud and Productivity and Business Processes segments. Net income surged by 60% for the quarter and 36% for the six-month period, largely influenced by substantial gains from its investment in OpenAI, which offset prior period losses. The company continues to invest heavily in AI infrastructure and talent, impacting gross margin percentages but driving future growth opportunities. Key financial metrics demonstrate sustained growth, with Microsoft Cloud revenue up 26% year-over-year. Despite increased operating expenses, primarily due to R&D investments, operating income also saw a healthy increase of 21% for the quarter. The company maintained a strong liquidity position and continued its commitment to returning capital to shareholders through share repurchases and dividends. However, investors should remain aware of ongoing legal matters, particularly the IRS audit concerning transfer pricing, and potential impacts from intense competition and evolving regulatory landscapes.

    Jan 28, 2026
  3. 2026-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2025

    Microsoft Corporation (MSFT) reported strong financial results for the quarter ending September 29, 2025, with total revenue increasing by 18% year-over-year to $77.7 billion. This growth was primarily driven by significant increases in both the Intelligent Cloud and Productivity and Business Processes segments. The company highlighted robust performance in Azure and other cloud services, which saw revenue grow by 40%, and continued strength in Microsoft 365 Commercial cloud, which increased revenue by 17%. Diluted earnings per share rose 13% to $3.72, demonstrating the company's ability to translate revenue growth into profitability. Key financial indicators underscore Microsoft's continued expansion in its cloud offerings, with Microsoft Cloud revenue up 26% to $49.1 billion. The company also reported a substantial commercial remaining performance obligation of $392 billion, indicating strong future revenue visibility. While investments in AI infrastructure are impacting gross margin percentages, the company remains focused on innovation and strategic growth, as evidenced by the extended partnership with OpenAI. Despite some headwinds in hardware segments like Xbox and Devices, the overall financial health and strategic direction of Microsoft appear robust.

    Oct 29, 2025
  4. 2025-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2025

    Microsoft Corporation (MSFT) reported strong financial results for the third quarter and first nine months of fiscal year 2025, with total revenue reaching $70.1 billion and $205.3 billion respectively, representing significant year-over-year growth. Net income also saw a substantial increase, reaching $25.8 billion for the quarter and $74.6 billion for the nine-month period, translating to diluted EPS of $3.46 and $9.99 respectively. The company highlighted robust performance across its key segments, particularly within Intelligent Cloud, driven by Azure and other cloud services, and Productivity and Business Processes, fueled by Microsoft 365 Commercial cloud offerings. The acquisition of Activision Blizzard continues to integrate, contributing to the More Personal Computing segment's growth. Investments in AI infrastructure are a notable theme, impacting gross margins but expected to drive future growth. Microsoft's financial position remains strong, with substantial cash and investments. The company continues to return capital to shareholders through dividends and share repurchases. Management expects continued strength and sufficient liquidity to fund operations and strategic initiatives, including ongoing investments in cloud and AI capabilities.

    Apr 30, 2025
  5. 2025-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2024

    Microsoft Corporation (MSFT) reported strong financial results for the second quarter of fiscal year 2025, demonstrating robust growth across its key business segments. Total revenue saw a significant increase of 12% year-over-year, reaching $69.6 billion, primarily driven by the Intelligent Cloud and Productivity and Business Processes segments. Net income also showed healthy growth, increasing by 10% to $24.1 billion, with diluted earnings per share rising to $3.23. The company continues to invest heavily in cloud infrastructure and artificial intelligence, which is reflected in increased operating expenses and a slight decrease in Microsoft Cloud gross margin percentage. Despite these investments, the company's strategic focus on cloud and AI appears to be yielding positive results, as evidenced by strong revenue growth in Azure and Microsoft 365. Microsoft's balance sheet remains strong, with substantial cash, cash equivalents, and short-term investments totaling $71.6 billion. The company continues to return capital to shareholders through share repurchases and dividends, underscoring its financial stability and commitment to shareholder value. Investors will likely view these results positively, indicating continued strong performance and strategic execution.

    Jan 29, 2025
  6. 2025-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2024

    Microsoft Corporation reported a strong first quarter of fiscal year 2025, with total revenue reaching $65.6 billion, a 16% increase year-over-year. This growth was propelled by robust performance across all segments, notably the Intelligent Cloud segment driven by Azure, and the Productivity and Business Processes segment fueled by Microsoft 365 Commercial cloud. Net income rose to $24.7 billion, translating to diluted earnings per share of $3.30, up 10% from the prior year. The company highlighted significant contributions from its cloud offerings, with Microsoft Cloud revenue increasing by 22% to $38.9 billion. Investments in AI infrastructure are noted as a factor influencing gross margin percentage, particularly within the Intelligent Cloud segment. The acquisition of Activision Blizzard continues to positively impact the Gaming division, significantly boosting its revenue contribution.

    Oct 30, 2024
  7. 2024-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2024

    Microsoft Corporation reported strong financial results for the third quarter and the first nine months of fiscal year 2024, demonstrating robust revenue and profit growth. Total revenue for the quarter ending March 31, 2024, rose 17% year-over-year to $61.9 billion, driven by broad-based strength across all segments: Intelligent Cloud, Productivity and Business Processes, and More Personal Computing. Net income for the quarter increased 20% to $21.9 billion, or $2.94 per diluted share, reflecting effective cost management and strong operational performance, particularly in cloud services. The acquisition of Activision Blizzard continues to be integrated, significantly boosting the Gaming segment's revenue. The company highlighted continued growth in its Microsoft Cloud offerings, with revenue up 23% to $35.1 billion, underscoring its strategic focus on cloud and AI. Looking ahead, Microsoft maintains a strong liquidity position and continues to invest in AI infrastructure and innovation, signaling confidence in future growth drivers. The company's commitment to returning capital to shareholders through dividends and share repurchases remains a key aspect of its capital allocation strategy.

    Apr 25, 2024
  8. 2024-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2023

    Microsoft Corporation reported strong financial results for the second quarter of fiscal year 2024, ending December 30, 2023. Total revenue grew 18% year-over-year to $62.02 billion, driven by robust performance across all segments. The Intelligent Cloud segment saw a significant 20% revenue increase, largely fueled by Azure and other cloud services growing 30%. The Productivity and Business Processes segment also performed well, with a 13% revenue increase driven by Office 365 Commercial. The More Personal Computing segment showed a 19% revenue increase, significantly boosted by the gaming division, which included the impact of the Activision Blizzard acquisition. Net income for the quarter rose by 33% to $21.87 billion, translating to diluted earnings per share of $2.93, a 33% increase. This strong performance reflects Microsoft's continued success in its cloud transition and strategic acquisitions. The company highlighted significant investments in AI infrastructure and the ongoing integration of Activision Blizzard, which is expected to drive future growth.

    Jan 30, 2024
  9. 2024-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2023

    Microsoft Corporation (MSFT) reported strong financial results for the first quarter of fiscal year 2024, with total revenue reaching $56.5 billion, a 13% increase year-over-year. This growth was primarily driven by the Intelligent Cloud segment, which saw a 19% revenue increase to $24.3 billion, fueled by Azure and other cloud services growing 29%. The Productivity and Business Processes segment also demonstrated robust performance, with a 13% revenue increase to $18.6 billion, largely due to the strong uptake of Office 365 Commercial. Net income surged by 27% to $22.3 billion, translating to diluted earnings per share of $2.99, up from $2.35 in the prior year period. The company's liquidity remains strong, with cash, cash equivalents, and short-term investments totaling $144 billion. A significant subsequent event noted is the completion of the Activision Blizzard acquisition for $61.8 billion, which is expected to accelerate growth in Microsoft's gaming business. Investors should note the ongoing IRS audit concerning intercompany transfer pricing, where the IRS is seeking an additional $28.9 billion plus penalties and interest.

    Oct 24, 2023
  10. 2023-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2023

    Microsoft Corporation reported solid financial results for the third quarter and nine months ended March 31, 2023. Total revenue increased by 7% year-over-year for the quarter to $52.9 billion, and by 6% for the nine-month period to $155.7 billion. Net income also saw growth, rising 9% to $18.3 billion for the quarter and declining 7% to $52.3 billion for the nine months, primarily impacted by a significant tax benefit in the prior year's comparable period. The company demonstrated continued strength in its Intelligent Cloud segment, with revenue up 16% for the quarter, driven by Azure and other cloud services. The Productivity and Business Processes segment also performed well, with revenue up 11% driven by Office 365 Commercial. However, the More Personal Computing segment experienced a revenue decline of 9% for the quarter, mainly due to decreases in Windows OEM and Devices, reflecting ongoing channel inventory adjustments and a softening PC market. Microsoft continues to return capital to shareholders through share repurchases and dividends, demonstrating confidence in its financial position and future prospects. The company also highlighted its ongoing investments in strategic areas like cloud engineering and artificial intelligence, positioning itself for future growth.

    Apr 25, 2023
  11. 2023-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2022

    Microsoft Corporation reported total revenue of $52.7 billion for the second quarter of fiscal year 2023, a 2% increase year-over-year, driven by growth in its Intelligent Cloud and Productivity and Business Processes segments. Net income for the quarter was $16.4 billion, a 12% decrease compared to the prior year, impacted by a $1.2 billion "Q2 charge" related to employee severance, hardware impairments, and lease consolidation. Despite a decline in the More Personal Computing segment due to weaker PC market conditions, the company demonstrated resilience with strong performance in cloud services. Microsoft Cloud revenue grew 22% to $27.1 billion, with Azure and other cloud services showing robust growth of 31%. The company continues to invest in strategic growth areas, particularly cloud engineering and AI, while also announcing significant workforce reductions impacting operating expenses. Shareholders received $10.1 billion in dividends and share repurchases during the six months ended December 31, 2022, highlighting a commitment to returning capital.

    Jan 24, 2023
  12. 2023-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2022

    Microsoft Corporation (MSFT) reported its first quarter fiscal year 2023 results, showing a notable increase in total revenue, up 11% year-over-year to $50.122 billion. This growth was primarily driven by the Intelligent Cloud segment, which saw a 20% revenue increase to $20.325 billion, largely fueled by a 35% surge in Azure and other cloud services. The Productivity and Business Processes segment also contributed positively with a 9% revenue increase to $16.465 billion, bolstered by growth in Office 365 Commercial and LinkedIn. Despite the revenue growth, net income saw a decline of 14% to $17.556 billion, resulting in diluted earnings per share of $2.35, down from $2.71 in the prior year. This decrease in profitability was influenced by a substantial tax benefit recorded in the prior year's comparable quarter related to intangible property transfers, which is absent in the current period. Operating expenses also increased by 15% due to strategic investments in cloud engineering, Nuance acquisition integration, and commercial sales efforts. The company continues to execute its capital return strategy, with significant share repurchases and dividend payments.

    Oct 25, 2022
  13. 2022-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2022

    Microsoft Corporation reported strong financial results for the third quarter and first nine months of fiscal year 2022, driven by continued growth across its key segments. Total revenue for the third quarter increased 18% year-over-year to $49.4 billion, with net income rising 8% to $16.7 billion. Diluted earnings per share also saw a healthy increase. The company highlighted significant growth in its Intelligent Cloud segment, particularly from Azure and other cloud services, and sustained strength in its Productivity and Business Processes segment driven by Office 365 Commercial and LinkedIn. Despite some headwinds in the More Personal Computing segment, overall performance demonstrates robust demand for Microsoft's cloud offerings and diversified product portfolio.

    Apr 26, 2022
  14. 2022-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2021

    Microsoft Corporation (MSFT) reported strong financial results for the quarter and six months ending December 31, 2021, demonstrating robust revenue and profit growth across its key segments. Total revenue reached $51.7 billion for the quarter, a 20% increase year-over-year, and $97.0 billion for the six-month period, up 21% year-over-year. This growth was primarily driven by strong performance in the Intelligent Cloud segment, particularly Azure and other cloud services, as well as continued momentum in Productivity and Business Processes, highlighted by Office 365 Commercial and LinkedIn. The company also showcased significant operating income growth, increasing by 24% for the quarter and 26% for the six-month period, underscoring effective cost management alongside revenue expansion. Diluted earnings per share also saw substantial increases, reflecting strong profitability. Microsoft's strategic investments in cloud infrastructure and gaming appear to be yielding positive results, positioning the company well for continued expansion in these key areas.

    Jan 25, 2022
  15. 2022-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2021

    Microsoft Corporation reported strong financial results for the fiscal first quarter ending September 29, 2021. Total revenue increased by 22% year-over-year to $45.3 billion, driven by robust growth across all its segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Net income saw a significant surge of 48% to $20.5 billion, partly aided by a substantial tax benefit related to intangible property transfers. Diluted earnings per share also increased by 49% to $2.71. The company's cloud offerings continue to be a major growth driver, with Microsoft Cloud revenue up 36% to $20.7 billion. The Intelligent Cloud segment, which includes Azure, experienced revenue growth of 31% to $17.0 billion, while Productivity and Business Processes saw a 22% revenue increase, benefiting from Office 365 and LinkedIn. More Personal Computing also contributed positively with a 12% revenue increase, primarily from Windows and search advertising. Microsoft demonstrated strong cash flow generation, with net cash from operations at $24.5 billion. The company continued its commitment to shareholder returns through significant share repurchases and dividend payments. Overall, the quarter showcased broad-based strength and continued execution on its cloud-first strategy.

    Oct 26, 2021
  16. 2021-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2021

    Microsoft Corporation reported strong financial performance for the third quarter and nine months ended March 31, 2021. Total revenue grew by 19% year-over-year to $41.7 billion for the quarter, and by 16% to $121.9 billion for the nine-month period. Net income also saw substantial increases, rising 44% to $15.5 billion for the quarter and 35% to $44.8 billion for the nine months. This growth was driven across all segments, with particular strength in Intelligent Cloud (Azure growth of 50%), More Personal Computing (Gaming revenue up 50%), and Productivity and Business Processes (Office 365 Commercial growth of 22%). The company also benefited from a significant tax benefit related to an India Supreme Court decision, which boosted net income by $620 million. Significant strategic developments include the completion of the ZeniMax Media acquisition for $8.1 billion, enhancing the More Personal Computing segment, and the announcement of the Nuance Communications acquisition for $19.7 billion, aimed at bolstering cloud and AI capabilities. Microsoft continues to return capital to shareholders through share repurchases and dividends, while maintaining a strong liquidity position.

    Apr 27, 2021
  17. 2021-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2020

    Microsoft Corporation (MSFT) reported strong financial results for the quarter and six months ended December 31, 2020. Total revenue increased significantly year-over-year, driven by robust performance across all reporting segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Intelligent Cloud segment, in particular, showed substantial growth, primarily fueled by Azure's impressive expansion. The Productivity and Business Processes segment also saw solid gains, benefiting from Office 365 Commercial and LinkedIn's performance. More Personal Computing delivered increased revenue, with Gaming being a key growth driver, boosted by new console launches. The company's commercial cloud revenue experienced a significant surge, underscoring its strategic focus on cloud services. Profitability also saw a notable improvement, with operating income and diluted earnings per share showing strong year-over-year increases. This was supported by higher gross margins, partly due to a change in accounting estimate for server and network equipment's useful life, which positively impacted operating and net income. Microsoft continues to return capital to shareholders through share repurchases and dividends, demonstrating its commitment to shareholder value.

    Jan 26, 2021
  18. 2021-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2020

    Microsoft Corporation reported strong financial results for the first quarter of fiscal year 2021, with total revenue reaching $37.154 billion, a 12% increase year-over-year. This growth was driven by robust performance across all segments, particularly the Intelligent Cloud and Productivity and Business Processes segments. Net income surged by 30% to $13.893 billion, and diluted earnings per share rose to $1.82 from $1.38 in the prior year period. The company highlighted significant growth in its commercial cloud offerings, with revenue increasing by 31% to $15.2 billion. Key drivers included a 21% rise in Office 365 Commercial revenue and a substantial 48% growth in Azure. More Personal Computing also showed resilience, with Gaming and Surface revenue increasing, though partially offset by a decline in Search advertising. The company's strong operational execution and strategic focus on cloud services continue to fuel its financial success.

    Oct 27, 2020
  19. 2020-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2020

    Microsoft Corporation reported strong financial results for the third quarter and the first nine months of fiscal year 2020, ending March 31, 2020. Total revenue for the quarter increased by 15% to $35.02 billion, and for the nine-month period, it grew by 14% to $104.98 billion. Net income also saw significant year-over-year growth, up 22% for the quarter to $10.75 billion and 27% for the nine months to $33.08 billion. This performance was driven by robust growth across all three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing, with notable acceleration in cloud services, particularly Azure, which grew 59% for the quarter. The company demonstrated strong operational efficiency, with gross margin increasing by 18% for the quarter and 19% for the nine months, leading to a 25% and 29% increase in operating income, respectively. Microsoft also continued to return significant capital to shareholders through share repurchases and dividends, underscoring its financial strength and commitment to shareholder value. The report also addresses the nascent impacts of the COVID-19 pandemic, noting minimal net impact on revenue in the current quarter, with some cloud usage benefits offset by slowdowns in transactional licensing and advertising spend.

    Apr 29, 2020
  20. 2020-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2019

    Microsoft Corporation's (MSFT) fiscal second quarter 2020 results, ending December 31, 2019, demonstrate robust top-line growth and improved profitability. Total revenue increased by 14% year-over-year to $36.9 billion, driven by strong performance across all three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The company's strategic focus on cloud services continues to pay off, with commercial cloud revenue surging by 39% to $12.5 billion, largely propelled by a significant 62% increase in Azure revenue. This growth in high-margin cloud offerings contributed to a substantial 22% increase in gross margin and a 35% rise in operating income to $13.9 billion. Diluted earnings per share also saw a healthy increase of 40% to $1.51. Key financial highlights include continued strength in Office Commercial (up 16%), LinkedIn (up 24%), and Windows OEM licensing (up 18%). While the Gaming segment experienced a decline, the overall financial performance reflects Microsoft's successful execution of its cloud-first strategy and its ability to drive growth in its core and emerging businesses. The company maintains a strong liquidity position with $134.3 billion in cash, cash equivalents, and short-term investments.

    Jan 29, 2020
  21. 2020-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2019

    Microsoft Corporation (MSFT) reported strong financial results for the first quarter of fiscal year 2020, ending September 30, 2019. Total revenue increased by 14% year-over-year to $33.1 billion, driven by robust performance across all three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Net income saw a significant jump of 21% to $10.7 billion, translating to diluted earnings per share of $1.38, up from $1.14 in the prior year's comparable quarter. The company's strategic focus on cloud services continues to yield impressive results, with commercial cloud revenue surging by 36% to $11.6 billion. Key growth drivers include Azure, which reported a 59% increase in revenue, and Office 365 Commercial, up 25%. This growth, coupled with solid performance in Windows OEM licensing and Dynamics 365, indicates Microsoft's continued dominance and ability to adapt in a rapidly evolving technology landscape. The company also maintained a strong balance sheet with substantial cash and investments, demonstrating financial resilience.

    Oct 23, 2019
  22. 2019-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2019

    Microsoft's fiscal Q3 2019 10-Q (quarter ended March 31, 2019) shows a strong quarter. Revenue rose 14% to $30.6 billion, gross margin grew 16%, and operating income rose 25% to $10.3 billion. Net income was $8.8 billion, up 19%, with diluted EPS of $1.14 versus $0.95 a year earlier. Nine-month results are distorted by the prior-year $13.8 billion TCJA tax charge; on a non-GAAP basis, nine-month diluted EPS rose 22% to $3.38. Growth was broad across segments, led by Azure (up 73%), commercial cloud revenue (up 41% to $9.6 billion), Office 365 Commercial (up 30%), and Dynamics 365 (up 43%). Operating margin expanded to roughly 34%, aided by cloud scale. Balance sheet and cash flow remain very strong. Cash and short-term investments total $131.6 billion against $73.1 billion of long-term debt (carrying value). Nine-month operating cash flow was $36.1 billion, and capital expenditures rose to $9.9 billion, reflecting datacenter investment. Management repurchased $12.6 billion of stock and paid $10.3 billion in dividends over nine months. The company still owes about $16.1 billion of the TCJA transition tax, payable over the next seven years. Commercial cloud growth and rising capex, lease commitments, and the GitHub acquisition ($7.5 billion, October 2018) are the main items to watch going forward. Risks include the cost of cloud infrastructure, which is expected to weigh on margins, pending regulatory and litigation matters (including China SAMR antitrust review and an IRS transfer-pricing audit), and ongoing tax uncertainty. Revenue fluctuates seasonally and is typically higher in the second and fourth fiscal quarters. The auditor, Deloitte & Touche, issued a review report without modifications.

    Apr 24, 2019
  23. 2019-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2018

    Microsoft's 10-Q for the second quarter of fiscal 2019 (quarter ended December 31, 2018) shows a strong operating quarter, with revenue up 12% to $32.5 billion and operating income up 18% to $10.3 billion, led by Intelligent Cloud and Productivity and Business Processes. Azure revenue grew 76%, and commercial cloud revenue rose 48% to $9.0 billion. Six-month revenue grew 15% to $61.6 billion and operating income grew 23% to $20.2 billion. Gross margin percentage was roughly flat, with a 5-point improvement in commercial cloud gross margin offset by declines in Productivity and More Personal Computing margins. GAAP net income was $8.4 billion, or $1.08 per diluted share, compared with a net loss of $6.3 billion in the prior year, which was driven by the $13.8 billion TCJA charge. Excluding the $157 million TCJA adjustment in the current quarter, non-GAAP net income rose 14% to $8.6 billion and non-GAAP diluted EPS rose 15% to $1.10. The GitHub acquisition closed in October 2018 for $7.5 billion, adding about $5.4 billion of goodwill and $1.3 billion of intangibles to the Intelligent Cloud segment. Capital allocation remained shareholder-oriented, with $10.2 billion of share repurchases and $6.8 billion of dividends in the six months, but operating cash flow of $22.6 billion was partly offset by capital expenditures of $7.3 billion, which rose sharply. Cash and short-term investments declined to $127.7 billion from $133.8 billion, and total debt fell to $73.2 billion. Management flagged a remaining transition tax payment of $16.1 billion payable over seven years, plus ongoing IRS transfer-pricing audits and a $1.0 billion reasonably possible range of adverse legal outcomes beyond recorded amounts.

    Jan 30, 2019
  24. 2019-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2018

    Microsoft's first-quarter fiscal 2019 10-Q (quarter ended September 30, 2018) shows strong top-line and profit growth. Revenue rose 19% to $29.1 billion, gross margin grew 18% to $19.2 billion, operating income increased 29% to $10.0 billion, and net income rose 34% to $8.8 billion, with diluted EPS of $1.14 versus $0.84. The main growth engine was the commercial cloud, which grew 47% to $8.5 billion, with Azure revenue up 76%, Office 365 commercial up 36%, and Dynamics 365 up 51%. Gross margin percentage edged down slightly because of a mix shift in More Personal Computing, though Intelligent Cloud margins improved. Operating expenses grew more slowly than revenue, and operating margin expanded, which signals operating leverage despite heavy datacenter investment. The balance sheet and cash flow remain very strong. Cash and short-term investments total $135.9 billion, and operating cash flow was $13.7 billion, up about 10%. Capital expenditures on property and equipment rose to $3.6 billion from $2.1 billion, reflecting the cloud buildout. The company repurchased $2.6 billion of stock and paid $3.2 billion in dividends. Long-term debt stands at $76.2 billion, and the company holds a AAA long-term unsecured debt rating. Unearned revenue fell to $30.2 billion, but management expects about 60% of the $71 billion in contracted-not-recognized revenue to be recognized over the next 12 months. Key risks include the Tax Cuts and Jobs Act. The company recorded a provisional net charge of $13.7 billion in fiscal 2018, and the transition tax of $16.1 billion remaining is payable interest-free over seven years. The provisional amounts may still be revised. The GitHub acquisition ($7.5 billion in stock) is expected to close by the end of October 2018. Ongoing legal matters include antitrust investigations in China and a gender discrimination class action. Management has accrued $334 million for legal liabilities and considers reasonably possible adverse outcomes of about $1.0 billion beyond that amount.

    Oct 24, 2018
  25. 2018-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2018

    Microsoft's third-quarter fiscal 2018 10-Q (quarter ended March 31, 2018) shows strong top-line growth but a sharply lower GAAP bottom line, driven almost entirely by a one-time tax charge. Revenue rose 16% year over year to $26.8 billion for the quarter and 13% to $80.3 billion for the nine months, with operating income up 23% to $8.3 billion in the quarter. Growth was broad-based across the three segments, led by commercial cloud revenue, which increased 58% to $6.0 billion, and Azure, which grew 93%. Operating margin expanded, and LinkedIn contributed meaningfully to both revenue and expense growth. GAAP net income for the nine months fell 56% to $7.7 billion, diluted EPS was $0.99, and the decline reflects a $13.8 billion net provisional charge recorded in the second quarter related to the Tax Cuts and Jobs Act (TCJA). Excluding that charge, adjusted nine-month net income was $21.5 billion (up 23%) and adjusted diluted EPS was $2.76 (up 24%). Management notes the TCJA accounting is provisional and may be revised within one year, so the final tax impact remains uncertain. The company also disclosed a $17.8 billion transition tax payable over eight years beginning in fiscal 2019. From a balance sheet and cash flow perspective, Microsoft generated $32.5 billion of operating cash flow over nine months, up 14%, and returned capital through $9.5 billion in dividends and $8.4 billion in buybacks, while carrying $132.3 billion of cash and short-term investments against $76.9 billion of long-term debt. Total stockholders' equity declined to $79.2 billion, largely due to the tax charge and buybacks. Management reports that its AAA credit rating and liquidity are sufficient to meet obligations for at least the next 12 months.

    Apr 26, 2018
  26. 2018-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2017

    Microsoft Corporation (MSFT) reported its fiscal second-quarter 2018 results for the period ending December 31, 2017. The company demonstrated solid top-line growth, with total revenue increasing 12% year-over-year to $28.9 billion. This growth was broad-based, with significant contributions from its Productivity and Business Processes segment (up 25%, boosted by LinkedIn and Office) and Intelligent Cloud segment (up 15%, driven by Azure and server products). A notable highlight was the substantial impact of the Tax Cuts and Jobs Act (TCJA), which resulted in a significant one-time charge and a net loss of $6.3 billion for the quarter, or $(0.82) per diluted share. Excluding this one-time charge, adjusted net income increased 20% to $7.5 billion, and adjusted diluted earnings per share rose to $0.96, indicating strong underlying operational performance. The company continues to show robust growth in its cloud offerings, with commercial cloud revenue up 56%.

    Jan 31, 2018
  27. 2018-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2017

    Microsoft's first-quarter fiscal 2018 10-Q (quarter ended September 30, 2017) shows strong top-line growth, with revenue up 12% to $24.5 billion and operating income up 15% to $7.7 billion, and diluted EPS rising 17% to $0.84. Growth was led by Productivity and Business Processes (up 28%, boosted by the December 2016 LinkedIn acquisition) and Intelligent Cloud (up 14%, with Azure revenue growing 90%). More Personal Computing was flat, as phone revenue declined. Importantly, these results reflect the early adoption of the new revenue recognition (ASC 606) and lease standards effective July 1, 2017, applied with full retrospective restatement. The revenue standard accelerates recognition of Windows 10 and certain multi-year commercial license revenue, so comparisons to prior periods are affected, and the company's restated prior-year figures should be used for comparison. Cash generation and capital allocation remained solid. Operating cash flow was $12.4 billion, up 8%, while cash, equivalents, and short-term investments reached $138.5 billion. Net cash used in financing was $6.3 billion, reflecting a shift from net debt issuance a year earlier (the prior-year quarter included $25 billion of debt proceeds) to lower buybacks of $2.6 billion and dividends of $3.0 billion. The dividend was raised to $0.42 per share from $0.39. Commercial cloud annualized revenue run rate reached $20.4 billion, which is a key metric for investors tracking the company's transition to cloud services. Key watch items include rising interest expense ($672 million, up from $437 million) as debt grows to $77.3 billion, the LinkedIn drag on operating margins (an operating loss of $294 million, including $372 million of intangible amortization), a $13.9 billion tax contingency reserve tied primarily to a transfer pricing dispute with the IRS, and approximately $132 billion of cash held offshore. Remaining performance obligations of $59 billion, of which about 60% is expected to convert within 12 months, provide visibility into future revenue.

    Oct 26, 2017
  28. 2017-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2017

    Microsoft's fiscal Q3 2017 10-Q (quarter ended March 31, 2017) shows a business in transition: revenue grew 8% to $22.1 billion and diluted EPS rose 30% to $0.61, but the comparison is flattered by the LinkedIn acquisition (closed December 8, 2016 for $27.0 billion) and by a smaller negative Windows 10 revenue deferral than a year earlier. Nine-month operating income fell 1% to $17.0 billion, and gross margin rose only 2%, reflecting heavier investment in cloud infrastructure and LinkedIn-related costs. Growth is concentrated in the commercial cloud: Azure revenue rose 93%, Office 365 commercial rose 45%, Dynamics 365 rose 81%, and the commercial cloud annualized run rate exceeded $15.2 billion. More Personal Computing revenue fell 7% in the quarter, driven by a 26% decline in Surface and a $730 million drop in phone revenue as the company retrenched from phone hardware. Balance sheet and cash flow changed materially. Total cash and short-term investments reached $126.0 billion, but $122.2 billion of that sits in foreign subsidiaries, which carries repatriation tax implications. Long-term debt rose to $76.2 billion from $40.6 billion after roughly $42.6 billion of new issuance in the nine months, used largely to fund the LinkedIn purchase and to support continued buybacks and dividends. Operating cash flow was $28.5 billion for the nine months, up 15%. Goodwill rose to $34.7 billion and intangible assets to $10.5 billion, which increases the future risk of impairment charges if acquired businesses underperform. The filing also flags two forward-looking items that matter for investors. The new revenue recognition standard, effective July 1, 2017 with full retrospective adoption, is expected to have a material impact, chiefly by moving Windows 10 license revenue to recognition at billing rather than ratably; management estimates FY2016 revenue would have been about $6 billion higher. The new lease standard is expected to add roughly $5 billion of operating lease right-of-use assets and liabilities to the balance sheet. Management also cited a pending transfer pricing issue with the IRS, which could be significant, and tax contingencies that grew to $14.4 billion.

    Apr 27, 2017
  29. 2017-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2016

    Microsoft's fiscal Q2 2017 10-Q (quarter ended December 31, 2016) shows modest top-line growth with weaker profitability. Revenue rose 1% to $24.1 billion, while operating income grew 3% to $6.2 billion and diluted EPS increased 6% to $0.66. For the six-month period, revenue rose 1% to $44.5 billion, but operating income fell 4% to $11.4 billion and diluted EPS rose only 2% to $1.26. Management attributed the weaker six-month profitability to higher cost of revenue from cloud growth and Search traffic acquisition costs, and to increased investment in cloud engineering and LinkedIn-related expenses. Segment results were mixed: Productivity and Business Processes revenue grew 10%, Intelligent Cloud grew 8% led by Azure (up 93%), and More Personal Computing declined 5%, though its operating income rose 33% as phone losses shrank. The net Windows 10 revenue deferral reduced diluted EPS by $0.17 in the quarter. The balance sheet changed materially with the $27.0 billion preliminary purchase of LinkedIn, which closed December 8, 2016. Goodwill nearly doubled to $34.5 billion and intangible assets rose to $11.0 billion. Total debt rose sharply: long-term debt increased to $59.3 billion from $40.6 billion, and commercial paper reached $25.1 billion. Cash, cash equivalents, and short-term investments totaled $122.8 billion, but $116.3 billion of that was held by foreign subsidiaries. Cash from operations for the six months was $17.8 billion, up from $14.5 billion. Management also reported that the company completed its $40 billion repurchase program and started a new $40 billion program. Both the new revenue recognition standard and the new lease standard are expected to have material balance-sheet impacts when adopted. Investors should weigh strong cloud growth and improving segment margins against slower profit growth, higher leverage, and the pending accounting transitions. The LinkedIn integration, Windows 10 deferral dynamics, and the pace of the shift to subscription revenue are the key items to monitor. The auditor (Deloitte) issued a clean review report with no material modifications identified.

    Jan 26, 2017
  30. 2017-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2016

    Microsoft Corporation's (MSFT) 10-Q filing for the period ending September 29, 2016, reveals a slight increase in total revenue to $20.45 billion, largely driven by growth in the Intelligent Cloud and Productivity and Business Processes segments, which offset a decline in More Personal Computing. While overall revenue remained flat year-over-year, operating income saw a 10% decrease to $5.22 billion, attributed to higher cost of revenue and increased R&D expenses, partially offset by lower sales and marketing costs. Diluted EPS slightly decreased to $0.60. The company highlighted strong performance in its cloud offerings, with Office 365 commercial revenue growing 51% and Microsoft Azure revenue surging 116%. However, the significant net revenue deferral from Windows 10 sales negatively impacted EPS. Microsoft also announced its definitive agreement to acquire LinkedIn for $26.2 billion, a strategic move expected to accelerate growth in its cloud businesses.

    Oct 20, 2016
  31. 2016-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2016

    Microsoft Corporation (MSFT) reported its financial results for the fiscal third quarter ending March 31, 2016. The company experienced a year-over-year decrease in revenue and net income, largely influenced by a net revenue deferral related to Windows 10 and unfavorable foreign currency impacts. Despite these challenges, key growth areas like Microsoft Azure and Office 365 Commercial demonstrated strong performance, indicating a continued shift towards cloud-based services. The company's strategic restructuring in the phone business also impacted financial figures but aligns with the long-term mobile-first, cloud-first strategy. Operating income saw a significant decline, primarily due to lower gross margins and ongoing investments in cloud infrastructure. However, the company continued to return capital to shareholders through share repurchases and dividends, signaling confidence in its future financial health. Investors should note the ongoing legal and tax contingencies, which, while currently managed, represent potential future risks.

    Apr 21, 2016
  32. 2016-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2015

    Microsoft Corporation's (MSFT) 10-Q filing for the period ending December 30, 2015, shows a decrease in revenue and net income compared to the same period in the prior year. This decline was largely attributed to a net revenue deferral related to Windows 10 and unfavorable foreign currency impacts. Despite the top-line contraction, the company saw growth in its Intelligent Cloud segment, particularly in Microsoft Azure, and improvements in the More Personal Computing segment's operating income due to cost reductions. Financially, Microsoft maintained a strong liquidity position with over $102 billion in cash, cash equivalents, and short-term investments. The company continued its commitment to shareholder returns through significant share repurchases and dividend payments. Management's strategic focus remains on its mobile-first, cloud-first transformation, with ongoing investments in cloud services and devices, while navigating a highly competitive technology landscape and significant restructuring efforts within its phone business.

    Jan 28, 2016
  33. 2016-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2015

    Microsoft Corporation (MSFT) reported its financial results for the fiscal quarter ending September 29, 2015. Total revenue for the quarter was $20.38 billion, a decrease of 12% compared to the same period last year, largely impacted by a significant revenue deferral related to the Windows 10 launch and lower revenue from the More Personal Computing segment, particularly phones. However, the Intelligent Cloud segment showed growth, with revenue increasing by 8% driven by server products and services, including Microsoft Azure. Net income for the quarter was $4.62 billion, a slight increase from $4.54 billion in the prior year, resulting in diluted earnings per share of $0.57, up from $0.54. The company continued its robust share repurchase program, demonstrating a commitment to returning capital to shareholders, and maintained a strong liquidity position with over $99 billion in cash, cash equivalents, and short-term investments. Despite the revenue dip, the company highlighted growth in its commercial cloud annualized run rate and a significant increase in Office 365 Consumer subscribers, signaling a strategic shift towards its cloud services.

    Oct 22, 2015
  34. 2015-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2015

    Microsoft Corporation (MSFT) reported its fiscal third-quarter and nine-month results ending March 31, 2015. For the quarter, revenue rose 6% year-over-year to $21.7 billion, while net income saw a decline of 12% to $4.98 billion, or $0.61 per diluted share, down from $0.68 in the prior year's quarter. This was impacted by significant integration and restructuring charges related to the Nokia acquisition and other organizational changes. The nine-month period also showed revenue growth of 13% to $71.4 billion, but net income declined by 15% to $15.4 billion. Operating income for both the quarter and the nine-month period decreased, largely due to increased investments in research and development, sales and marketing, and significant integration and restructuring expenses. Despite the net income decline, the company demonstrated strong cash flow from operations, exceeding $9.5 billion for the quarter, and maintained substantial cash and short-term investments totaling $95.4 billion.

    Apr 23, 2015
  35. 2015-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2014

    Microsoft Corporation's (MSFT) 10-Q filing for the period ending December 30, 2014, reveals a mixed financial performance. While total revenue saw an increase of 8% year-over-year for the quarter, driven by the acquisition of Nokia's Devices and Services business and growth in Commercial Cloud, operating income experienced a slight decline of 2%. This decrease was primarily attributed to integration and restructuring expenses related to a significant restructuring plan announced in July 2014, which impacted the Devices and Consumer segment. Despite the pressure on operating income, the company continued to invest heavily in its 'mobile-first and cloud-first' strategy, with notable increases in Research and Development expenses. The acquisition of Mojang (Minecraft developer) also contributed to the Devices and Consumer segment's 'Other' revenue. Investors should note the ongoing challenges in the PC market, reflected in declining Windows OEM and Office Commercial revenues, and the significant restructuring charges that are impacting profitability in the short term.

    Jan 26, 2015
  36. 2015-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2014

    Microsoft Corporation reported its fiscal year 2015 first-quarter results for the period ending September 29, 2014. The company saw a significant 25% increase in revenue, reaching $23.2 billion, largely driven by the acquisition of Nokia's Devices and Services business and continued growth in its commercial cloud offerings and hardware segments like Xbox and Surface. Despite revenue growth, operating income saw a slight decrease of 8% to $5.84 billion. This was primarily due to integration and restructuring expenses related to the Nokia acquisition and a new company-wide restructuring plan announced in July 2014, which included significant severance costs. Key financial highlights include a strong gross margin of $14.9 billion, up 12% year-over-year. Diluted earnings per share decreased by 13% to $0.54, impacted by the restructuring charges. The company maintained a strong liquidity position with cash, cash equivalents, and short-term investments totaling $89.2 billion. Microsoft continued to return capital to shareholders through dividends and share repurchases.

    Oct 23, 2014
  37. 2014-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2014

    Microsoft Corporation's (MSFT) 10-Q filing for the period ending March 30, 2014, reveals a stable top line with revenue largely flat year-over-year for the third quarter, totaling $20.4 billion. However, a significant increase in the cost of revenue, particularly related to higher volumes of Xbox and Surface sales and increased datacenter expenses, led to a decrease in operating income by 8% to $6.97 billion. Diluted earnings per share also saw a decline of 6% to $0.68. For the nine-month period, revenue grew by 9% to $63.45 billion, with operating income increasing by 3% to $21.28 billion, and diluted EPS rising by 5% to $2.08. The company highlighted strong growth in its Cloud Services revenue, which doubled, and substantial increases in its Devices and Consumer Hardware segment, driven by new product launches like Xbox One and Surface. The balance sheet shows a substantial increase in cash, cash equivalents, and short-term investments, reaching $88.4 billion. The company also managed its debt effectively, with long-term debt increasing to $22.7 billion, largely due to strategic issuances in late 2013. Microsoft continued its commitment to returning capital to shareholders through share repurchases totaling $1.8 billion in the quarter and $5.3 billion year-to-date, alongside consistent dividend payments. The company is on track to close the significant acquisition of Nokia's Devices and Services business on April 25, 2014, which is expected to further shape its devices and services strategy.

    Apr 24, 2014
  38. 2014-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2013

    Microsoft Corporation's (MSFT) fiscal second quarter 2014 report for the period ending December 30, 2013, shows continued revenue growth, driven by strong performance in the Commercial Licensing segment and significant increases in Devices and Consumer Hardware, largely due to the launch of the new Xbox One and Surface devices. The company reported total revenue of $24.5 billion, a 14% increase year-over-year, and operating income of $8.0 billion. While the Devices and Consumer segment saw robust revenue growth, its gross margin declined due to the timing of new product releases and a shift towards lower-margin cloud-based offerings. Conversely, the Commercial segment demonstrated consistent growth in both revenue and gross margin, highlighting the strength of its cloud services and licensing businesses. Microsoft's financial position remains strong, with substantial cash and investments totaling $83.9 billion, although a significant portion is held by foreign subsidiaries. The company also continued its capital return program through share repurchases and dividend payments.

    Jan 23, 2014
  39. 2014-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2013

    Microsoft Corporation (MSFT) reported strong financial results for the first quarter of fiscal year 2014, ending September 30, 2013. Revenue increased by 16% year-over-year to $18.5 billion, while operating income saw a substantial 19% rise to $6.3 billion. This growth was driven by robust performance in the Commercial Licensing and Commercial Other segments, as well as an increase in Devices and Consumer Hardware revenue, notably from Surface products. Diluted earnings per share also improved by 17% to $0.62, reflecting the company's operational efficiency and sales growth. The company continues to invest in its "devices and services" strategy, with significant R&D expenditures and strategic acquisitions, such as the announced acquisition of Nokia's Devices & Services business. While this strategic shift requires substantial investment and presents competitive challenges, Microsoft's strong cash position and diversified revenue streams provide a solid foundation. The company also continues its commitment to returning capital to shareholders through share repurchases and dividends.

    Oct 24, 2013
  40. 2013-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2013

    Microsoft Corporation's Q3 FY2013 filing for the period ending March 31, 2013, demonstrates robust revenue growth of 18% year-over-year, reaching $20.5 billion. This increase was primarily driven by new product launches like Windows 8 and Surface, alongside strong performance in Server and Tools and Entertainment and Devices segments. Operating income also saw a significant rise of 19% to $7.6 billion, reflecting improved operational efficiency and revenue growth. Diluted Earnings Per Share (EPS) improved by 20% to $0.72. The company continues to invest heavily in future growth areas, particularly cloud services and devices. While the PC market experienced a decline, Microsoft's diversified product portfolio and strategic investments in new technologies, such as Windows 8 and the Surface tablet, positioned it for continued market relevance. The company also maintained a strong cash position, with cash, cash equivalents, and short-term investments totaling $74.5 billion.

    Apr 18, 2013
  41. 2013-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2012

    Microsoft Corporation's (MSFT) third quarter of fiscal year 2013 filing (ending December 31, 2012) indicates a modest revenue increase of 3% year-over-year, reaching $21.5 billion. However, operating income saw a slight decline of 3% to $7.8 billion, and diluted EPS decreased by 3% to $0.76, reflecting increased operating expenses, particularly in sales and marketing related to the recent launches of Windows 8 and Surface. Despite the quarterly dip, the six-month period shows a 2% revenue decrease to $37.5 billion and a more significant 14% drop in operating income, largely due to the revenue deferral of new product offerings (Office, Windows, video games) and a decline in the Entertainment and Devices segment. The company continues to invest heavily in its strategic shift towards devices and cloud services, highlighted by the Windows 8 and Surface launches, which are impacting short-term profitability but are seen as crucial for future growth. Financially, Microsoft maintains a strong liquidity position with over $68 billion in cash, cash equivalents, and short-term investments. The company also continued its capital return strategy through share repurchases and dividend payments. While the Windows division showed year-over-year growth driven by new product adoption and revenue recognition from deferred sales, other segments experienced mixed results. The strong performance of Server and Tools and a narrowing operating loss in Online Services were offset by declines in Microsoft Business Division (impacted by revenue deferrals) and Entertainment and Devices (due to lower Xbox sales). Investors should monitor the adoption rates of Windows 8 and Surface, as well as the ongoing investments in cloud services, as key drivers for future performance.

    Jan 24, 2013
  42. 2013-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2012

    Microsoft Corporation (MSFT) reported its results for the quarter ended September 30, 2012. The company experienced an 8% year-over-year decrease in revenue, primarily impacted by the deferral of revenue related to Windows 8 pre-sales and the Windows 7 to Windows 8 upgrade offer, as well as lower Xbox 360 platform revenue. This revenue decline, coupled with increased costs in cost of revenue and R&D, led to a significant 26% decrease in operating income and a 22% drop in diluted earnings per share to $0.53. Despite the revenue challenges, the Server and Tools segment showed strong growth with an 8% increase in revenue. The company also reported a robust cash flow from operations of $8.5 billion. Microsoft continued its capital return program, repurchasing shares worth $1 billion during the quarter and paying out dividends. The company is actively investing in new products and services, with Windows 8 and Surface devices set to launch, signaling a strategic shift towards devices and services. Management highlighted ongoing R&D investments and a focus on cloud-based solutions for both consumers and enterprises. Significant cash reserves, with over $66 billion in cash, cash equivalents, and short-term investments, provide financial flexibility.

    Oct 18, 2012
  43. 2012-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2012

    Microsoft Corporation (MSFT) reported its fiscal third-quarter and year-to-date results for the period ending March 31, 2012. The company demonstrated steady revenue growth, with a 6% increase year-over-year for both the quarter and the nine-month period, reaching $17.4 billion and $55.7 billion, respectively. Operating income also saw a positive trend, increasing by 12% for the quarter to $6.4 billion, though it grew at a more modest 3% for the nine months to $21.6 billion. Despite an overall positive financial performance, diluted earnings per share (EPS) experienced a slight decline of 2% for the quarter to $0.60, impacted by a prior year's favorable one-time tax settlement. For the nine-month period, diluted EPS grew by 2% to $2.05. The company's balance sheet remains robust, with total assets growing to $118 billion, bolstered by significant investments in short-term investments and a substantial increase in goodwill, primarily due to the acquisition of Skype. Cash flow from operations was strong, indicating healthy underlying business performance.

    Apr 19, 2012
  44. 2012-Q2-A

    MICROSOFT CORP Quarterly Report (Amendment) for Q2 Ended Dec 31, 2011

    This filing is an amendment to Microsoft Corporation's (MSFT) Form 10-Q for the quarterly period ended December 31, 2011. The amendment's sole purpose is to correct a technical issue with the filing of the Interactive Data File (Exhibit 101) with the SEC's EDGAR system, which was not accepted during the original filing. No substantive financial or operational changes are being made or updated through this amendment. Investors should refer to the original Form 10-Q filed on January 19, 2012, for all material financial and business information regarding Microsoft for this period. As this is an amendment to correct a filing technicality, there are no new financial results or operational disclosures to report. The amendment clarifies that it does not reflect any events occurring after the original filing date and continues to speak as of the original filing date. Investors should consider this amendment as a procedural update and rely on the primary 10-Q filing for their analysis of Microsoft's performance during the quarter ended December 31, 2011.

    Jan 27, 2012
  45. 2012-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2011

    Microsoft Corporation's (MSFT) 10-Q filing for the period ending December 30, 2011, reveals a quarter of solid revenue growth driven by strong performance in the Server and Tools, and Entertainment and Devices segments. The acquisition of Skype, which closed during the quarter, contributed to revenue and also increased operating expenses and headcount. While overall revenue saw a modest increase, operating income experienced a slight dip due to higher operating expenses, including increased cost of revenue and R&D investments. Financially, the company maintains a strong liquidity position with over $51 billion in cash, cash equivalents, and short-term investments. Shareholder returns remain a priority, with ongoing share repurchases and dividend payouts. Investors should note the continued investment in cloud computing and smart connected devices as key strategic growth areas, alongside the ongoing challenges and competitive pressures in the dynamic technology industry.

    Jan 19, 2012
  46. 2012-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2011

    Microsoft Corporation reported solid financial results for the first quarter of fiscal year 2012, with revenue increasing by 7% year-over-year to $17.37 billion and operating income rising by 1% to $7.20 billion. Diluted earnings per share saw a 10% increase, reaching $0.68, up from $0.62 in the prior year's comparable quarter. This growth was primarily driven by strong sales in the Microsoft Business Division (Office suite) and the Server and Tools segment, which experienced a 10% revenue increase. The company's balance sheet remains robust, with cash, cash equivalents, and short-term investments totaling $57.4 billion as of September 30, 2011. Microsoft also continues to return capital to shareholders, having repurchased $1.0 billion in stock during the quarter and declaring a dividend of $0.20 per share. The acquisition of Skype for $8.6 billion, announced shortly after the quarter's end, signals a strategic move into real-time communications, expected to enhance their video and voice offerings.

    Oct 20, 2011
  47. 2011-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2011

    Microsoft Corporation (MSFT) reported strong financial results for the third quarter and the first nine months of fiscal year 2011, ending March 31, 2011. Revenue increased by 13% year-over-year for the quarter to $16.4 billion and for the nine-month period to $52.6 billion. This growth was driven by robust sales in the Entertainment and Devices Division, particularly the Xbox 360 and Kinect, the Microsoft Business Division with strong performance from the Office system, and the Server and Tools division. Diluted earnings per share also saw significant increases, rising 36% for the quarter to $0.61 and 26% for the nine-month period to $2.01. The company maintained a strong cash position, with cash, cash equivalents, and short-term investments totaling $50.2 billion. Microsoft continued its commitment to returning capital to shareholders through share repurchases and dividend payments. Despite some headwinds in the Windows division due to a maturing PC market, overall profitability and revenue growth indicate a healthy financial performance for the period.

    Apr 28, 2011
  48. 2011-Q2

    MICROSOFT CORP Quarterly Report for Q2 Ended Dec 31, 2010

    Microsoft Corporation's (MSFT) 10-Q filing for the period ending December 30, 2010, reveals a solid financial performance, with a notable increase in revenue and diluted earnings per share for the six-month period compared to the prior year. While the company experienced a slight decrease in operating income for the three-month period, this was primarily attributed to increased operating expenses, particularly in cost of revenue related to higher volumes of Xbox 360 consoles and accessories. The company continues to demonstrate strong revenue generation across its key segments, with significant growth in Microsoft Business Division and Entertainment & Devices Division, driven by sales of the 2010 Office system and the Xbox 360 platform, respectively. Microsoft maintains a robust liquidity position with substantial cash, cash equivalents, and short-term investments, exceeding $41 billion. The company actively returned capital to shareholders through significant share repurchases and dividends. Despite ongoing legal and regulatory challenges, Microsoft's financial health appears strong, supported by diversified revenue streams and strategic investments in growth areas like cloud services and the Xbox platform. Investors should monitor the impact of ongoing segment performance, particularly in the competitive online services and Windows divisions, as well as the company's strategic positioning in evolving technological landscapes.

    Jan 27, 2011
  49. 2011-Q1

    MICROSOFT CORP Quarterly Report for Q1 Ended Sep 30, 2010

    Microsoft Corporation reported strong financial results for the quarter ending September 30, 2010, demonstrating significant year-over-year growth. Revenue increased by 25% to $16.195 billion, driven by robust sales of Windows 7, the 2010 Microsoft Office system, and growth in the Server and Tools, and Entertainment and Devices divisions. Operating income saw a substantial increase of 59% to $7.116 billion. Diluted earnings per share rose to $0.62, a 55% increase from the previous year, largely due to higher net income and continued share repurchases. The company maintained a strong liquidity position with cash, cash equivalents, and short-term investments totaling $44.2 billion. Microsoft continues to invest in its cloud offerings and expand its product lines, positioning itself for continued growth amidst a dynamic global economic landscape.

    Oct 28, 2010
  50. 2010-Q3

    MICROSOFT CORP Quarterly Report for Q3 Ended Mar 31, 2010

    Microsoft Corporation's Q3 FY2010 report for the period ending March 30, 2010, shows robust revenue growth of 6% year-over-year, reaching $14.5 billion, driven primarily by strong sales of Windows 7 and a recovering PC market. Diluted earnings per share saw a significant increase of 36% to $0.45, benefiting from higher net income and substantial share repurchases. Despite revenue growth, the company experienced a notable increase in general and administrative expenses, largely due to legal charges and expenses related to the Yahoo! commercial agreement. The company's balance sheet reflects a strong liquidity position, with cash, cash equivalents, and short-term investments increasing to $39.7 billion. While revenue growth is encouraging, investors should note the impact of revenue deferrals, particularly for the Office 2010 system, and ongoing investments in new products and services. The company's diversified segment performance shows strength in Windows & Windows Live, with a 28% revenue increase, while the Online Services Division continues to incur operating losses, albeit with growth in online advertising revenue, partially offset by increasing costs and transition expenses related to the Yahoo! partnership.

    Apr 22, 2010