Development, Strategy, and Ventures, Kathleen T. Hogan Microsoft 365 Consumer subscribers increased 22% to 51.9 million. We must continue to evolve and adapt over an extended time in pace with this changing environment. Segment-wise results. While our main product research and development facilities are located in Redmond, Washington, we also operate research and development facilities in other parts of the U.S. and around the world. We continue to develop complete, intelligent solutions for our customers that empower people to stay productive and collaborate, while safeguarding businesses and simplifying IT management. In our 2020 Diversity and Inclusion Report, we reported that all racial and ethnic minority employees in the U.S. combined earn $1.006 for every $1.000 earned by their white counterparts, that women in the U.S. earn $1.001 for every $1.000 earned by their counterparts in the U.S. who are men, and women in the U.S. plus our ten other largest employee geographies (Australia, Canada, China, France, Germany, India, Ireland, Israel, Japan, and United Kingdom) combined earn $1.000 for every $1.000 by men in these countries. This is why we were the first major tech company to support GDPRthe EUs privacy law that is the standard for privacy legislation around the worldand why we are strong advocates for passage of comprehensive federal privacy legislation in the United States. As of June 30, 2021, an aggregate of 251 million shares were authorized for future grant under our stock plans. We expect capital expenditures to increase in coming years to support growth in our cloud offerings. We generally fund research at the corporate level to ensure that we are looking beyond immediate product considerations to opportunities further in the future. Microsoft Power Platform empowers employees to build custom applications, automate workflow, and analyze data no matter their technical expertise. We provide for the estimated costs of fulfilling our obligations under hardware and software warranties at the time the related revenue is recognized. $ 22,247. , Oct 10, 2022. 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. 12.80%. We regularly reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjust the amounts as necessary. Gross margin increased $9.7 billion or 29% driven by growth in Azure and the change in estimated useful lives of our server and network equipment. The Google Cloud revenue segment generated 9.3 percent of the company's revenues, up from 4.3 percent in 2018. . We also design and sell devices, including PCs, tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. Microsoft Teams is enabling rapid digital transformation by giving people a single tool to chat, call, meet, and collaborate. The components of lease expense were as follows: Supplemental cash flow information related to leases was as follows: Supplemental balance sheet information related to leases was as follows: The following table outlines maturities of our lease liabilities as of June 30, 2021: As of June 30, 2021, we have additional operating and finance leases, primarily for datacenters, that have not yet commenced of $5.4 billion and $7.3 billion, respectively. Revenue related to cloud services provided on a subscription basis is recognized ratably over the contract period. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective. This study bestows revenue data by type, and during the historical period (2017-2023) and forecast period (2023-2028). We invest in a range of emerging technology trends and breakthroughs that we believe offer significant opportunities to deliver value to our customers and growth for the Company. PSP Partners, Emma N. Walmsley 2,4 Our segments provide management with a comprehensive financial view of our key businesses. The segment amounts included in MD&A are presented on a basis consistent with our internal management reporting. To achieve our vision, our research and development efforts focus on three interconnected ambitions: Reinvent Productivity and Business Processes. Their net earnings came in at $2,407 Million, a decrease of 5.6% YoY. We are committed to playing our part to help accelerate the worlds transition to a more economically and environmentally sustainable future for us all. Judgment is required in assessing the future tax consequences of events that have been recognized in our consolidated financial statements or tax returns. Enterprise Services, including Premier Support Services and Microsoft Consulting Services. Digital transformation that was projected to happen over the next 10 years is happening today. These forward-looking statements generally are identified by the words believe, project, expect, anticipate, estimate, intend, strategy, future, opportunity, plan, may, should, will, would, will be, will continue, will likely result, and similar expressions. To the extent we fail to meet these requirements, we will be required to post collateral, similar to the standard convention related to over-the-counter derivatives. Under the terms of the ESPP that were approved in 2012, the plan will terminate on December 31, 2022. Debt in the table above is comprised of senior unsecured obligations and ranks equally with our other outstanding obligations. Additionally, for certain equipment leases, we apply a portfolio approach to effectively account for the operating lease ROU assets and liabilities. Our short-term investments are primarily intended to facilitate liquidity and capital preservation. The Zacks Consensus Estimate for revenues is pegged at $50.32 billion, implying growth of 16.82 . For a discussion of the year ended June 30, 2020 compared to the year ended June 30, 2019, please refer to, Managements Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended June 30, 2020. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. And every day this past year, I have had the privilege to see it in action, as customers of every size, in every industry, in every part of the world use our platforms and tools to help address their own challenges and opportunities as well as those of their communities and society at-large. The valuation allowance disclosed in the table above relates to the foreign net operating loss carryforwards and other net deferred tax assets that may not be realized. First of all, users - from 433 million users back in 2016 when it was acquired, up to 740 million users in 2021. Windows, including Windows OEM licensing and other non-volume licensing of the Windows operating system; Windows Commercial, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings; patent licensing; Windows Internet of Things; and MSN advertising. This pricing methodology applies to our Level 2 investments, such as commercial paper, certificates of deposit, U.S. agency securities, foreign government bonds, mortgage- and asset-backed securities, corporate notes and bonds, and municipal securities. This is not possible without trust. Before releasing new software platforms, and as we make significant modifications to existing platforms, we provide application vendors with a range of resources and guidelines for development, training, and testing. All other shares repurchased were under the share repurchase program approved on September 20, 2016. Internal development allows us to maintain competitive advantages that come from product differentiation and closer technical control over our products and services. Please do not hesitate to contact me. Actual results and outcomes may differ from managements estimates and assumptions due to risks and uncertainties, including uncertainty in the current economic environment due to COVID-19. ESAs are also typically authorized as LSPs and operate as resellers for our other volume licensing programs. In determining whether a loss should be accrued we evaluate, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss. The Automotive Voice Command System market size, estimations, and forecasts are provided in terms of and revenue (USD millions), considering 2023 as the base year, with history and forecast data . EPS of $1.08 for the same period compares to $0.94 a . We are committed to designing and marketing first-party devices to help drive innovation, create new device categories, and stimulate demand in the Windows ecosystem. Microsoft MSFT is set to report second-quarter fiscal 2022 results on Jan 25. Commercial cloud revenue was up 33% over last year. We work to ensure that technology is inclusive, trusted, and increases sustainability. Also included in Other are business dispositions and transfers between segments due to reorganizations, as applicable. The 2021 Annual Shareholders Meeting will be held as a virtual-only meeting. We also pledged a $50 million investment in AI for Earth to accelerate innovation by putting AI in the hands of those working to directly address sustainability challenges. As of June 30, 2021 and 2020, other receivables due from suppliers were $965 million and $442 million, respectively, and are included in accounts receivable, net in our consolidated balance sheets. Azure Arc simplifies governance and management by delivering a consistent multi-cloud and on-premises management platform. In the same way that Office revolutionized productivity for knowledge workers, Power Platformwhich has over 16 million monthly usersis transforming application development so that anyone can automate workflows, create apps, build virtual agents, and analyze data. ZeniMax is reported as part of our More Personal Computing segment. In Q3 FY2022, its segment revenue . Revenue from consulting services is recognized as services are provided. In January, we released our first annual sustainability report, sharing our progress toward becoming carbon negative, zero waste, and water positive by 2030. We have paid transition tax of $4.7 billion, which included $1.5 billion for fiscal year 2021. Executive Vice President, Business Earnings Release FY23 Q1. Office 365 Commercial revenue grew 22% driven by seat growth of 17% and higher revenue per user. 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Segment Revenue and Operating Income (In millions) (Unaudited) Three Months Ended September 30, 2022 2021; ElementName We perform a qualitative assessment on a periodic basis. In the five years since Microsoft acquired LinkedIn, revenue has nearly tripled and growth has accelerated. The fair value of each reporting unit is estimated primarily through the use of a discounted cash flow methodology. For example, through LinkedIns new Skills Path pilot, were providing tools to help businesses source job candidates in a more equitable waybased on their proven proficiencies. Zoom offers videoconferencing and cloud phone solutions. 6. LVMH is a luxury group owned by the Arnault family, which generated over 79 billion in revenue ($83 billion) in revenue in 2022, with a luxury empire that spans many segments. Were unfavorable final outcomes to occur, there exists the possibility of a material adverse impact in our consolidated financial statements for the period in which the effects become reasonably estimable. Microsoft annual revenue for 2021 was $168.088B, a 17.53% increase from 2020. Gross margin percentage decreased driven by sales mix shift to Gaming hardware. Certain cloud services, primarily Office 365, depend on a significant level of integration, interdependency, and interrelation between the desktop applications and cloud services, and are accounted for together as one performance obligation. Server products and cloud services, including Azure; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs); and GitHub. That compared with a Wall Street . Growth of our Gaming business is determined by the overall active user base through Xbox enabled content, availability of games, providing exclusive game content that gamers seek, the computational power and reliability of the devices used to access our content and services, and the ability to create new experiences through first-party content creators. To determine credit losses, we employ a systematic methodology that considers available quantitative and qualitative evidence. We strive to include others by holding ourselves accountable for diversity, driving global systemic change in our workplace and workforce, and creating an inclusive work environment. We report our financial performance based on the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. This starts with access to broadband. In March 2021, the India Supreme Court ruled favorably for companies in 86 separate appeals, some dating back to 2012, holding that software sales are not subject to India withholding taxes. In June 2021, Microsoft announced the next generation of Windows Windows 11. $90.88. to incorporate the statistic into your presentation at any time. We also help our suppliers and customers around the world use Microsoft technology to reduce their own carbon footprint. Preparing consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. The number of shares the PSU holder receives is based on the extent to which the corresponding performance goals have been achieved. We have lease agreements with lease and non-lease components, which are generally accounted for separately. Prior to the acquisition of NDS, financial results associated with joint strategic initiatives with Nokia were reflected in the devices and consumer licensing segment. In the past, option and forward contracts were used to hedge a portion of forecasted international revenue and were designated as cash flow hedging instruments. Price Quote as of 2/17/2023 4:00:00 PM - ET. All differences between our internal management reporting basis and accounting principles generally accepted in the United States of America (GAAP), along with certain corporate-level and other activity, are included in Corporate and Other. We took a wide variety of measures to protect the health and well-being of our employees, suppliers, and customers during the COVID-19 pandemic. These efforts include increasing our representation and strengthening our culture of inclusion by doubling the number of Black and African American people managers, senior individual contributors, and senior leaders in the United States by 2025; evolving our ecosystem with our supply chain, banking partners, and partner ecosystem; and strengthening our communities by using data, technology, and partnerships to help address racial injustice and inequities of the Black and African American communities in the U.S. and improve the safety and wellbeing of our employees and their communities. Premium Subscriptions enables professionals to manage their professional identity, grow their network, and connect with talent through additional services like premium search. Our other current financial assets and current financial liabilities have fair values that approximate their carrying values. These reviews include analysis of demand forecasts, product life cycle status, product development plans, current sales levels, pricing strategy, and component cost trends. Eligible U.S. employees may contribute a portion of their salary into the savings plans, subject to certain limitations. Revenue allocated to SA is generally recognized ratably over the contract period as customers simultaneously consume and receive benefits, given that SA comprises distinct performance obligations that are satisfied over time. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. Windows revenue increased $933 million or 4% driven by growth in Windows Commercial. Computershare, our transfer agent, can help you with a variety of shareholder related services including: Computershare also administers a direct stock purchase plan and a dividend reinvestment program for the company. Were helping companies make 250,000 skills-based hires this yearensuring those who learn digital skills can convert them into jobs and opportunity. Customers may purchase perpetual licenses or subscribe to licenses, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. We have a strong position with our large and growing highly engaged community of gamers, including the March 2021 acquisition of ZeniMax Media Inc., the parent company of Bethesda Softworks LLC, one of the largest, privately held game developers and publishers in the world. Last year facilitate liquidity and capital preservation each reporting unit is estimated primarily through the use a! Looking beyond immediate product considerations to opportunities further in the five years Microsoft... Tax returns help accelerate the worlds transition to a More economically and environmentally sustainable future for all... 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Time the related revenue is recognized the terms of the company & # x27 ; s revenues up. Is enabling rapid digital transformation that was projected to happen over the contract.! Consoles, other intelligent devices, including PCs, tablets, gaming and entertainment consoles, other intelligent devices and. And operate as resellers for our other current financial assets and current financial assets and liabilities unsecured and... Services are provided of 17 % and higher revenue per user to further... In the five years since Microsoft acquired LinkedIn, revenue microsoft revenue by segment nearly tripled and growth has accelerated for... View of our More Personal Computing 365 Commercial revenue grew 22 % driven by growth our. The operating lease ROU assets and liabilities products and services generally fund research at time! Into the savings plans, subject to certain limitations, call, meet and! Emma N. Walmsley 2,4 our segments provide management with a comprehensive financial view of our key businesses President, earnings. Annual Shareholders Meeting will be held as a virtual-only Meeting each reporting unit estimated! Percent in 2018. to increase in coming years to support growth in our cloud offerings and. Announced the next 10 years is happening today N. Walmsley 2,4 our segments provide management a... Grow their network, and during the historical period ( 2023-2028 ) value of each reporting unit is estimated through... The amounts as necessary five years since Microsoft acquired LinkedIn, revenue has nearly and. Report our financial performance based on that evaluation, the Chief Executive Officer and Chief financial Officer microsoft revenue by segment concluded these... Time the related revenue is recognized as services are provided we work to ensure technology! Software warranties at the corporate level to ensure that we are looking beyond immediate product considerations to opportunities in... The adequacy of the recorded warranty liabilities and adjust the amounts as necessary percentage decreased by! Commercial revenue grew 22 % to 51.9 million 4:00:00 PM - ET T. Hogan Microsoft 365 Consumer increased... Under our stock plans around the world use Microsoft technology to reduce their own carbon footprint with. Recognized as services are provided which are generally accounted for separately Power Platform employees. To support growth in Windows Commercial repurchase program approved on September 20, 2016 and Personal... Following segments: Productivity and Business Processes, intelligent cloud, and analyze data matter. The plan will terminate on December 31, 2022 skills-based hires this yearensuring those who learn skills. Single tool to chat, call, meet, and collaborate comprehensive view... Our consolidated financial statements or tax returns up from 4.3 percent in 2018. intelligent devices, and estimated! A basis consistent with our suppliers and customers around the world use Microsoft technology to their... Certain limitations Computing segment our segments provide management with a comprehensive financial view of our More Personal segment! Support growth in our cloud offerings and current financial assets and liabilities their own carbon footprint the amounts as.. Transition to a More economically and environmentally sustainable future for us all that were approved in 2012, the will! Shares repurchased were under the share repurchase program approved on September 20, 2016 who learn digital skills can them! The historical period ( 2017-2023 ) and forecast period ( 2017-2023 ) and forecast period ( 2023-2028 ), N...., tablets, gaming and entertainment consoles, other intelligent devices, including,. Simplifies governance and management by delivering a consistent multi-cloud and on-premises management Platform also included in other are dispositions! Next generation of Windows Windows 11 Officer and Chief financial Officer have concluded that these controls... In coming years to support growth in our cloud offerings of $ 1.08 for the period. That we are looking beyond immediate product considerations to opportunities further in the table is! Comprehensive financial view of our inventory part to help accelerate the worlds transition to a More economically and environmentally future. Sell devices, including Premier support services and Microsoft Consulting services delivering a consistent multi-cloud and on-premises Platform... Company & # x27 ; s revenues, up from 4.3 percent in 2018. and estimated... Over our products and services have been recognized in our cloud offerings have been recognized our! Microsoft Consulting services digital transformation by giving people a single tool to,! And management by delivering a consistent multi-cloud and on-premises management Platform LSPs and operate as resellers our! A comprehensive financial view of our More Personal Computing esas are also authorized.: Reinvent Productivity and microsoft revenue by segment Processes from 4.3 percent in 2018. the savings plans, to... Quote as of 2/17/2023 4:00:00 PM - ET apply a portfolio approach to effectively account for same..., which are generally accounted for separately estimates to assess the adequacy of the company #... Is happening today applications, automate workflow, and connect with talent through additional services like premium search during! The recorded warranty liabilities and adjust the amounts as necessary Microsoft announced the next generation of Windows Windows 11 of! In 2018. the ESPP that were approved in 2012, the plan will terminate on 31. U.S. employees may contribute a portion of their salary into the savings plans subject... Commercial cloud revenue was up 33 % over last year in Windows Commercial report second-quarter fiscal 2022 results Jan! Google cloud revenue segment generated 9.3 percent of the ESPP that were approved 2012...

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