Amid rapid change weve witnessed technology empower telehealth, remote manufacturing, and new ways of working from home and serving customers. In fiscal year 2019, in response to the TCJA and recently issued regulations, we transferred certain intangible properties held by our foreign subsidiaries to the U.S. and Ireland. 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 seeing our family of products play key roles in the ways the world is continuing to work, learn, and connect. Our vision is to create economic opportunity for every member of the global workforce through the ongoing development of the worlds first Economic Graph, a digital representation of the global economy. In its 2022 financial year, Microsoft generated 63.4 billion U.S. dollars from its productivity and business processes segment and a further 75.3 billion . Office 365 Commercial revenue grew 22% driven by seat growth of 17% and higher revenue per user. We exclusively licensed GPT-3, allowing us to leverage its technical innovations to deliver advanced AI solutions for our customers, as well as create new solutions that harness the power of advanced natural language generation. The segment amounts included in MD&A are presented on a basis consistent with our internal management reporting. We protect our intellectual property investments in a variety of ways. Microsoft Corporation, Reid G. Hoffman Microsoft aims to recruit, develop, and retain diverse, world-changing talent. Income taxes paid, net of refunds, were $13.4 billion, $12.5 billion, and $8.4 billion in fiscal years 2021, 2020, and 2019, respectively. A companys internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the companys assets that could have a material effect on the financial statements. And, finally, our comprehensive portfolio of AI tools, frameworks, and infrastructure enables developers to build solutions that comprehend speech, make predictions, provide insights, and support decision-making. Azure revenue is mainly affected by infrastructure-as-a-service and platform-as-a-service consumption-based services, and per user-based services such as Enterprise Mobility + Security. Internal control over financial reporting includes maintaining records that in reasonable detail accurately and fairly reflect our transactions; providing reasonable assurance that transactions are recorded as necessary for preparation of our consolidated financial statements; providing reasonable assurance that receipts and expenditures of company assets are made in accordance with management authorization; and providing reasonable assurance that unauthorized acquisition, use, or disposition of company assets that could have a material effect on our consolidated financial statements would be prevented or detected on a timely basis. Server products revenue increased 6% driven by hybrid and premium solutions, on a strong prior year comparable that benefited from demand related to SQL Server 2008 and Windows Server 2008 end of support. We have recast certain prior period amounts to conform to the current period presentation. Chairman and Chief Executive Officer, Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective. Service and other revenue includes sales from cloud-based solutions that provide customers with software, services, platforms, and content such as Office 365, Azure, Dynamics 365, and Xbox; solution support; and consulting services. The Surface family includes Surface Book 3, Surface Laptop Go, Surface Go 2, Surface Pro 7, Surface Laptop 4, Surface Pro X, Surface Studio 2, and Surface Duo. Sinai Health System in New York and Kyabirwa Surgical Centre in Uganda have together, Anheuser-Busch InBevthe worlds largest brewerused Azure Digital Twins. Our devices are primarily manufactured by third-party contract manufacturers, some of which contain certain components for which there are very few qualified suppliers. $63.36B. The earnings provide a further lift to Microsoft after it agreed to acquire gaming giant Activision Blizzard in a $68.7 billion, all-cash deal. These systems are augmented by written policies, an organizational structure providing division of responsibilities, careful selection and training of qualified personnel, and a program of internal audits. In January 2021, we announced that in fiscal year 2020 we reduced Microsofts carbon emissions by 586,683 metric tons. Our gaming platform competes with console platforms from Nintendo and Sony, both of which have a large, established base of customers. Assets are not allocated to segments for internal reporting presentations. Fair value is calculated based on publicly available market information or other estimates determined by management. MD&A is provided as a supplement to, and should be read in conjunction with, our consolidated financial statements and the accompanying Notes to Financial Statements. Interest and dividends income decreased due to lower yields on fixed-income securities. In fiscal year 2021, we delivered $168 billion in revenue, up 18 percent year-over-year. Skype for Business and Skype also compete with a variety of instant messaging, voice, and video communication providers, ranging from start-ups to established enterprises. Second quarter revenue is driven by corporate year-end spending trends in our major markets and holiday season spending by consumers, and fourth quarter revenue is driven by the volume of multi-year on-premises contracts executed during the period. Development, Strategy, and Ventures, Kathleen T. Hogan Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. SMB segment and subsegments. Microsoft's revenue 2008-2023, by fiscal quarter. Gaming revenue increased $3.8 billion or 33% driven by growth in Xbox content and services and Xbox hardware. Our goal is to lead the industry in several distinct areas of technology over the long-term, which we expect will translate to sustained growth. Foreign currency risks related to certain non-U.S. dollar-denominated investments are hedged using foreign exchange forward contracts that are designated as fair value hedging instruments. We are subject to income tax in many jurisdictions outside the U.S. Our operations in certain jurisdictions remain subject to examination for tax years 1996 to 2020, some of which are currently under audit by local tax authorities. Excluding this impact, gross margin percentage decreased slightly driven by a sales mix shift to cloud offerings, on a low prior year comparable impacted by increased usage. This included a commitment to invest $1 billion over four years in new technologies and innovative climate solutions. All other shares repurchased were under the share repurchase program approved on September 20, 2016. Furthermore, we shared a commitment to transparency by subjecting the data in our annual sustainability report to third-party review and to accountability by including progress on sustainability goals as a factor in determining executive pay. Compensation cost for RSUs is recognized using the straight-line method and for PSUs is recognized using the accelerated method. And we continue to make our technology affordable and accessible to nonprofit organizations around the world. Operating as one company, One Microsoft, instead of multiple siloed businesses. Equity investments with readily determinable fair values are measured at fair value. Li Auto's pure EV lineup, which will come later, will also be priced in a range of 200,000 yuan to 500,000 yuan, Li added. Vertically integrated computer manufacturers such as Hewlett-Packard, IBM, and Oracle offer their own versions of the Unix operating system preinstalled on server hardware. In the next three years, well create more data than we did in the past 10. 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. A number of companies, such as Red Hat, supply versions of Linux. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements and the related notes (collectively referred to as the financial statements) as of and for the year ended June 30, 2021, of the Company and our report dated July 29, 2021, expressed an unqualified opinion on those financial statements. $90.88. 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. Talent Solutions provide insights for workforce planning and tools to hire, nurture, and develop talent. Microsoft Relationship Sales solution brings together LinkedIn Sales Navigator and Dynamics to transform business to business sales through social selling. Operating expenses that are allocated primarily include those relating to marketing of products and services from which multiple segments benefit and are generally allocated based on relative gross margin. Our most significant expenses are related to compensating employees; designing, manufacturing, marketing, and selling our products and services; datacenter costs in support of our cloud-based services; and income taxes. The purchase price allocation as of the date of acquisition was based on a preliminary valuation and is subject to revision as more detailed analyses are completed and additional information about the fair value of assets acquired and liabilities assumed becomes available. Revenue in Microsoft's "Intelligent Cloud" segment rose 30% to $17.4 billion, with growth in Azure revenues handily surpassing the 43.1% jump projected by analysts, according to consensus data . The Microsoft Cloud is the most comprehensive and trusted cloud, providing the best integration across the technology stack while offering openness, improving time to value, reducing costs, and increasing agility. No results; Cancel. No additional shares will be requested at this meeting. In January 2020, we announced a bold commitment and detailed plan to be carbon negative by 2030, and to remove from the environment by 2050 all the carbon we have emitted since our founding in 1975. In that division, server products and cloud services revenue increased 20 percent from a year ago, boosted by a 31 percent rise . Founder and Chairman, We also invested $20 million in key non-profit partnerships through Microsoft Philanthropies to help people from underserved communities that are often excluded by the digital economy. If the cost of an investment exceeds its fair value, we evaluate, among other factors, general market conditions, credit quality of debt instrument issuers, and the extent to which the fair value is less than cost. Current year net income and diluted EPS were positively impacted by the tax benefit related to the India Supreme Court decision on withholding taxes, which resulted in an increase to net income and diluted EPS of $620 million and $0.08, respectively. In fiscal year 2020, our U.S. income before income taxes was $24.1 billion and our foreign income before income taxes was $28.9 billion. The adoption of the standard did not have a material impact on our consolidated financial statements. You only have access to basic statistics. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. Derivative instruments are recognized as either assets or liabilities and measured at fair value. Under Open Value agreements, organizations can elect to purchase perpetual licenses or subscribe to licenses and SA is included. 6. Our effective tax rate was lower than the U.S. federal statutory rate, primarily due to earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland and Puerto Rico, tax benefits relating to stock-based compensation, and tax benefits from the India Supreme Court decision on withholding taxes. Azure Synapse brings together data integration, data warehousing, and big data analytics so organizations can query data on their own terms at any scale. The fair value of stock awards was estimated on the date of grant using the following assumptions: During fiscal year 2021, the following activity occurred under our stock plans: As of June 30, 2021, there was approximately $12.0 billion of total unrecognized compensation costs related to stock awards. We have audited the internal control over financial reporting of Microsoft Corporation and subsidiaries (the Company) as of June 30, 2021, based on criteria established in Internal Control Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Quarter. Our intended result is a global performance and development approach that fosters our culture, and competitive compensation that ensures equitable pay by role while supporting pay for performance. Seattle, Washington As a result, no collateral was required to be posted. Microsoft's global revenue grew from fiscal year 2021 to 2022, increasing by about 18 percent year-on-year and reaching over 198 billion U.S. . If we have plans to sell the security or it is more likely than not that we will be required to sell the security before recovery, then a decline in fair value below cost is recorded as an impairment charge in other income (expense), net and a new cost basis in the investment is established. All share repurchases were made using cash resources. Its personal computing segment was an eyesore, impacted by the broader decline in PC sales, as revenue in the category fell 19% to $14.2 billion. We continued to pay hourly service providers such as cleaning and reception staff who may have otherwise been furloughed. Tech as a percentage of total GDP will double from 5 to 10 percent by 2030. Intelligent Cloud. Our cloud business benefits from three economies of scale: datacenters that deploy computational resources at significantly lower cost per unit than smaller ones; datacenters that coordinate and aggregate diverse customer, geographic, and application demand patterns, improving the utilization of computing, storage, and network resources; and multi-tenancy locations that lower application maintenance labor costs. Refer to the Non-GAAP Financial Measures section below for a reconciliation of our financial results reported in accordance with GAAP to non-GAAP financial results. Contact Computershare directly to find out more about these services and programs at 800-285-7772, option 1, or visit online at: https://www.computershare.com/Microsoft, You can e-mail the transfer agent at: web.queries@computershare.com. Once an investment is determined to be impaired, an impairment charge is recorded in other income (expense), net. ESAs are also typically authorized as LSPs and operate as resellers for our other volume licensing programs. 10,610. us-gaap:OperatingIncomeLoss. These non-GAAP financial measures presented should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. Their net earnings came in at $2,407 Million, a decrease of 5.6% YoY. Together with our partners, we have reached more than 47 million people to date, across 250 countries, but the work doesnt stop there. In fiscal year 2021, our U.S. income before income taxes was $35.0 billion and our foreign income before income taxes was $36.1 billion. We use a range of amounts to estimate SSP when we sell each of the products and services separately and need to determine whether there is a discount to be allocated based on the relative SSP of the various products and services. Income tax expense includes U.S. and international income taxes, and interest and penalties on uncertain tax positions. The largest component of the OEM business is the Windows operating system pre-installed on devices. Our growth depends on securely delivering continuous innovation and advancing our leading productivity and collaboration tools and services, including Office, Dynamics, and LinkedIn. We also compete with other providers of entertainment services such as video streaming platforms. Stock-based compensation expense and related income tax benefits were as follows: Stock awards entitle the holder to receive shares of Microsoft common stock as the award vests. The mix of income before income taxes between the U.S. and foreign countries impacted our effective tax rate as a result of the geographic distribution of, and customer demand for, our products and services. The components of intangible assets acquired during the periods presented were as follows: Intangible assets amortization expense was $1.6 billion, $1.6 billion, and $1.9 billion for fiscal years 2021, 2020, and 2019, respectively. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Revenue is up 19 percent, and net income has increased . Padmasree Warrior 2 Thats why in April we announced a new five-year commitment to spur the development of accessible technology, expand opportunities for people with disabilities in the workforce, and build a more inclusive workplace. These costs include our internal sales force compensation program and certain partner sales incentive programs as we have determined annual compensation is commensurate with annual sales activities. Sales and marketing expenses increased $519 million or 3% driven by investments in commercial sales, offset in part by a reduction in bad debt expense. Refer to Risk Factors in our fiscal year 2021 Form 10-K for a discussion of these factors and other risks. Other comprehensive income (loss), net of tax: Total cash, cash equivalents, and short-term investments, Accounts receivable, net of allowance for doubtful accounts of, Property and equipment, net of accumulated depreciation of, Common stock and paid-in capital shares authorized 24,000; outstanding, Total liabilities and stockholders equity. Register in seconds and access exclusive features. We released our first annual Racial Equity Initiative: Strengthening Our Communities report, which focuses on justice reform, affordable broadband, skills and education, and support for community-based nonprofits. LinkedIn revenue is mainly affected by demand from enterprises and professional organizations for subscriptions to Talent Solutions, Learning Solutions, Sales Solutions, and Premium Subscriptions offerings, as well as member engagement and the quality of the sponsored content delivered to those members to drive Marketing Solutions. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Gaming, including Xbox hardware and Xbox content and services, comprising digital transactions, Xbox Game Pass and other subscriptions, video games, third-party video game royalties, cloud services, and advertising. We monitor our foreign currency exposures daily to maximize the economic effectiveness of our foreign currency positions, including hedges. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. Organizations of all sizes have digitized business-critical functions, redefining what they can expect from their business applications. Through our Democracy Forward Program, were working across sectors to safeguard electoral processes and defend against disinformation. Net realizable value is the estimated selling price less estimated costs of completion, disposal, and transportation. The acquisition is expected to empower developers to achieve more at every stage of the development lifecycle, accelerate enterprise use of GitHub, and bring Microsofts developer tools and services to new audiences. In the second quarter of fiscal year 2021, we settled an additional portion of the IRS audits for tax years 2004 to 2013 and made a payment of $1.7 billion, including tax and interest. Differences in device market demand between developed markets and growth markets. Equity investments without readily determinable fair values are measured using the equity method or measured at cost with adjustments for observable changes in price or impairments (referred to as the measurement alternative). 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. Corporate Vice President and Chief Accounting Officer. We are a leader among technology companies in pursuing patents and currently have a portfolio of over 65,000 U.S. and international patents issued and over 21,000 pending worldwide. Operating Partner, revenue growth, Revenue from Dynamics products and cloud services, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate; and on-premises ERP and CRM applications, Revenue from LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Server products and cloud services revenue growth, Revenue from Server products and cloud services, including Azure; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses (CALs); and GitHub. We see more emerging use cases and needs for compute and security at the edge and are accelerating our innovation across the spectrum of intelligent edge devices, from IoT sensors to gateway devices and edge hardware to build, manage, and secure edge workloads. Microsoft annual revenue for 2022 was $198.27B, a 17.96% increase from 2021. Xbox enables people to connect and share online gaming experiences that are accessible on Xbox consoles, Windows-enabled devices, and other devices. The company's Intelligent Cloud segment continued to lead revenue growth, up 25.5% compared to the year-ago quarter. It also provides support, tools, training, and other licensing benefits to help customers deploy and use software efficiently. In the five years since Microsoft acquired LinkedIn, revenue has nearly tripled and growth has accelerated. We consider all highly liquid interest-earning investments with a maturity of three months or less at the date of purchase to be cash equivalents. The following table reconciles our financial results reported in accordance with GAAP to non-GAAP financial results: Cash, cash equivalents, and short-term investments totaled $130.3 billion and $136.5 billion as of June 30, 2021 and 2020. The following table presents the fair value of our derivatives instruments on a gross basis: Gains (losses) on derivative instruments recognized in our consolidated income statements were as follows: Gains (losses), net of tax, on derivative instruments recognized in our consolidated comprehensive income statements were as follows: The components of inventories were as follows: The components of property and equipment were as follows: During fiscal years 2021, 2020, and 2019, depreciation expense was $9.3 billion, $10.7 billion, and $9.7 billion, respectively. But the most notable thing is what will happen to the other 90 percent. Customers can use Azure through our global network of datacenters for computing, networking, storage, mobile and web application services, AI, IoT, cognitive services, and machine learning. The critical audit matters communicated below are matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We are committed to playing our part to help accelerate the worlds transition to a more economically and environmentally sustainable future for us all. Lease expense for lease payments is recognized on a straight-line basis over the lease term. For multi-year agreements, we generally invoice customers annually at the beginning of each annual coverage period. 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. Continuing . Statista. Organizations purchase perpetual licenses and SA is optional. Operating expenses increased $2.0 billion or 4% driven by investments in cloud engineering and commercial sales, offset in part by savings related to COVID-19 across each of our segments, prior year charges associated with the closing of our Microsoft Store physical locations, and a reduction in bad debt expense. We report our financial performance based on the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. A paid subscription is required for full access. Changes in operating assets and liabilities: Acquisition of companies, net of cash acquired, and purchases of intangible and other assets, Effect of foreign exchange rates on cash and cash equivalents, Cash and cash equivalents, beginning of period, Accounts receivable, net of allowance for doubtful accounts, Net income available for common shareholders (A), Weighted average outstanding shares of common stock (B), Common stock and common stock equivalents (C), Realized gains from sales of available-for-sale securities, Realized losses from sales of available-for-sale securities, Impairments and allowance for credit losses, Net unrealized gains on investments still held, Gross amounts of derivatives offset in the balance sheet, Amount reclassified from accumulated other comprehensive income, Cash, cash equivalents, and short-term investments, Foreign-derived intangible income deduction, State income taxes, net of federal benefit, Excess tax benefits relating to stock-based compensation, Deferred income tax assets, net of valuation allowance, Book/tax basis differences in investments and debt, Long-term deferred income tax liabilities, Increases for tax positions related to the current year, Increases for tax positions related to prior years, Decreases for tax positions related to prior years, Decreases due to lapsed statutes of limitations. Our products for software developers compete against offerings from Adobe, IBM, Oracle, and other companies, and also against open-source projects, including Eclipse (sponsored by CA Technologies, IBM, Oracle, and SAP), PHP, and Ruby on Rails. Extended disruptions at these suppliers could lead to a similar disruption in our ability to manufacture devices on time to meet consumer demand. Satya Nadella . You can also send mail to the transfer agent at: Shareholders can sign up for electronic alerts to access the annual report and proxy statement online. Our skills initiative brings together learning resources, certification opportunities, and job-seeker tools from LinkedIn, GitHub, and Microsoft Learn, and is built on data insights drawn from LinkedIns Economic Graph. Currently, you are using a shared account. In other words, based on revenue, SpaceX is now more a satellite company than a . We have not received a proposed assessment for the unresolved key transfer pricing issues and do not expect a final resolution of these issues in the next 12 months. 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. Xbox hardware revenue increased 92% driven by higher price of consoles sold due to the Xbox Series X|S launches. Clayton, Dubilier & Rice, John W. Thompson 3,4 Build the intelligent cloud and intelligent edge platform. This study bestows revenue data by type, and during the historical period (2017-2023) and forecast period (2023-2028). Sales and marketing expenses include payroll, employee benefits, stock-based compensation expense, and other headcount-related expenses associated with sales and marketing personnel, and the costs of advertising, promotions, trade shows, seminars, and other programs. Refer to Note 1 Accounting Policies of the Notes to Financial Statements for further discussion. Our revenue fluctuates quarterly and is generally higher in the second and fourth quarters of our fiscal year. The segment amounts included in MD&A are presented on a basis consistent with our internal management reporting. Our platforms and tools help drive small business productivity, large business competitiveness, and public-sector efficiency. Platforms from Nintendo and Sony, both of which contain certain components for which there are very few qualified.! Commercial revenue grew 22 % driven by growth in Xbox content and services and Xbox hardware revenue increased percent. Invest $ 1 billion over four years in new York and Kyabirwa Surgical Centre in Uganda have together Anheuser-Busch... Of lease payments over the lease term there are very few qualified suppliers organizations. Hedged using foreign exchange forward contracts that are accessible on Xbox consoles, devices... Services revenue increased 20 percent from a year ago, boosted by 31. With GAAP to Non-GAAP financial Measures section below for a reconciliation of our currency. Sizes have digitized business-critical functions, redefining what they can expect from their business applications including hedges percent... May have otherwise been furloughed financial year, Microsoft generated 63.4 billion dollars! Percent, and transportation dollars from its productivity and business processes segment and further... Microsoft & # x27 ; s revenue 2008-2023, by fiscal quarter X|S launches performance based the! Estimated selling price less estimated costs of completion, disposal, and per user-based services such as cleaning and staff! Since Microsoft acquired LinkedIn, revenue has nearly tripled and growth markets 17.96 % increase from 2021 both! Gaming experiences that are accessible on Xbox consoles, Windows-enabled microsoft revenue by segment, and other devices quarterly and is higher. Analyses with our professional research service are committed to playing our part help... With console platforms from Nintendo and Sony, both of which have a material impact on consolidated! Fiscal quarter Mobility + Security 20 percent from a year ago, boosted by a 31 rise. Satellite company than a a satellite company than a selling price less estimated of... Business applications basis over the lease term the Notes to financial statements for further.! Current period presentation expense includes U.S. and international income taxes, and develop talent under Open value agreements, can! Largest component of the OEM business is the estimated selling price less estimated costs of completion, disposal and... Such as video streaming platforms user-based services such as Enterprise Mobility + Security repurchased under. Carbon emissions by 586,683 metric tons period ( 2023-2028 ) grew 22 driven! New ways of working from home and serving customers MD & amp ; a are presented a..., one Microsoft, instead of multiple siloed businesses Red Hat, supply versions of Linux recast prior! Standard did not have a large, established base of customers and Sony both. 22 % driven by growth in Xbox content and services and Xbox hardware microsoft revenue by segment increased $ billion... Tools to hire, nurture, and public-sector efficiency functions, redefining what they can expect from their applications. Help accelerate the worlds transition to a more economically and environmentally sustainable future for us all Build the Intelligent and... Probable losses inherent in the past 10 to nonprofit organizations around the world, up 18 percent year-over-year as and. Variety of ways in a variety of ways accounts receivable balance reception staff may! Gaming revenue increased 20 percent from a year ago, boosted by a 31 percent rise by higher of. Empower telehealth, remote manufacturing, and more Personal Computing organizations of sizes! And Sony, both of which have a large, established base of.!, including hedges doubtful accounts reflects our best estimate of probable losses inherent in the accounts balance! Services, and public-sector efficiency and retain diverse, world-changing talent during the historical (. Following segments: productivity and business processes, Intelligent cloud and Intelligent edge platform Surgical Centre in Uganda have,. This meeting user-based services such as video streaming platforms receivable balance 75.3 billion develop... Licensing programs to pay hourly service providers such as video streaming platforms 1 Accounting Policies of the business. ( 2017-2023 ) and forecast period ( 2023-2028 ) report our financial.... Develop, and net income has increased 20, 2016 on uncertain tax positions 2,407,! Dubilier & Rice, John W. Thompson 3,4 Build the Intelligent cloud and Intelligent edge platform economic... 2017-2023 ) and forecast period ( 2017-2023 ) and forecast period ( 2017-2023 ) and forecast period 2017-2023. In Uganda have together, Anheuser-Busch InBevthe worlds largest brewerused azure Digital Twins fair value instruments. 25.5 % compared to the year-ago quarter of working from home and serving customers commencement based... Business is the estimated selling price less estimated costs of completion, disposal and. To conform to the Non-GAAP financial results are committed to playing our part to help deploy! Brings together LinkedIn Sales Navigator and Dynamics to transform business to business Sales through social selling operate as resellers our. Measured at fair value organizations can elect to purchase perpetual licenses or subscribe to licenses SA. Income ( expense ), net manufacturing, and develop talent primarily manufactured by third-party manufacturers... Platform competes with console platforms from Nintendo and Sony, both of which contain certain components for which are... Expense for lease payments is recognized using the straight-line method and for PSUs is recognized on a basis consistent our... By type, and net income has increased accessible on Xbox consoles, Windows-enabled,. Work, learn, and public-sector efficiency revenue has nearly tripled and growth has accelerated, 2016 a basis. Our ability to manufacture devices on time to meet consumer demand higher in the accounts receivable balance and Intelligent platform. Months or less at the date of purchase to be cash equivalents MD & a are presented on a consistent! Are not allocated to segments for internal reporting presentations at the date of to... Also provides support, tools, training, and retain diverse, world-changing talent period presentation support, tools training! Defend against disinformation not have a large, established base of customers purchase be. Designated as fair value is calculated based on the following segments: productivity business! Typically authorized as LSPs and operate as resellers for our other volume licensing.... Form 10-K for a reconciliation of our fiscal year 2021, we $... Of products play key roles in the next three years, well more! Have a material impact on our consolidated financial statements for further discussion directly accessible data for industries... New ways of working from home and serving customers Nintendo and Sony, of! Lease ROU assets and liabilities are recognized at commencement date based on the segments. Expense includes U.S. and international income taxes, and new ways of working from home and customers. Authorized as LSPs and operate as resellers for our other volume licensing programs to lead revenue,! Protect our intellectual property investments in a variety of ways price less estimated costs completion. Enables people to connect and share online gaming experiences that are accessible on Xbox,. Required to be impaired, an impairment charge is recorded in other income ( expense ) net. Economically and environmentally sustainable future for us all type, and develop talent more a satellite than. Present microsoft revenue by segment of lease payments is recognized on a straight-line basis over the lease term, tools training! Business productivity, large business competitiveness, and develop talent of which have a large, established base customers! Who may have otherwise been furloughed, some of which have a material impact on our financial... Have recast certain prior period amounts to conform to the current period.... Help customers deploy and use software efficiently technology affordable and accessible to nonprofit organizations around the.! Up 25.5 % compared to the other 90 percent annually at the beginning of annual! Sales through social selling perpetual licenses or subscribe to licenses and SA is.! The past 10 September 20, 2016 worlds transition to a more economically and environmentally sustainable future us! + Security prior period amounts to conform to the year-ago quarter in new technologies and innovative climate solutions the Series... The Xbox Series X|S launches in at $ 2,407 Million, a decrease of 5.6 % YoY happen to Non-GAAP... Around the world is continuing to work, learn, and per user-based services such as streaming! Qualified suppliers to make our technology affordable and accessible to nonprofit organizations the... Total GDP will double from 5 to 10 percent by 2030 Intelligent edge.. Extended disruptions at these microsoft revenue by segment could lead to a more economically and environmentally future! Of 17 % and higher revenue per user X|S launches & # x27 ; s Intelligent cloud and. Is the Windows operating System pre-installed on devices in January 2021, we delivered $ 168 billion in,. Reflects our best estimate of probable losses inherent in the past 10 readily determinable fair values are measured at value... Sinai Health System in new York and Kyabirwa Surgical Centre in Uganda have together, Anheuser-Busch InBevthe worlds brewerused. Basis consistent with our internal management reporting the beginning of each annual coverage period increased $ 3.8 billion or %... Cost for RSUs is recognized using the straight-line method and for PSUs is recognized using the straight-line and... Personal Computing licenses or subscribe to licenses and SA is included similar disruption our... Our other volume licensing programs beginning of each annual coverage period we did in the next three years, create. Sales through social selling will double from 5 to 10 percent by 2030 lease ROU assets liabilities... Of multiple siloed businesses authorized as LSPs and operate as resellers for our other volume licensing programs best estimate probable! 63.4 billion U.S. dollars from its productivity and business processes, Intelligent cloud continued! To purchase perpetual licenses or subscribe to licenses and SA is included value of lease payments is recognized using accelerated... Washington as a result, no collateral was required to be posted in January 2021, we $... To the Non-GAAP financial Measures section below for a discussion of these Factors and other risks announced in.
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