microsoft revenue by segment

Profit from the additional features of your individual account. Through this commitment we can allow everyone the chance to be their authentic selves and do their best work every day. We perform a qualitative assessment on a periodic basis and recognize an impairment if there are sufficient indicators that the fair value of the investment is less than carrying value. The Board of Directors, through its Audit Committee, consisting solely of independent directors of the Company, meets periodically with management, internal auditors, and our independent registered public accounting firm to ensure that each is meeting its responsibilities and to discuss matters concerning internal controls and financial reporting. Microsoft's revenue rose 2% to $52.7 billion in the three months ended Dec. 31, compared with the average analyst estimate of $52.94 billion, according to Refinitiv IBES. This determination requires significant judgment. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Companys internal control over financial reporting 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 and our report dated July 29, 2021, expressed an unqualified opinion on the Companys internal control over financial reporting. Corporate governance information including our articles of incorporation, bylaws, governance guidelines, committee charters, codes of conduct and ethics, global corporate social responsibility initiatives, and other governance-related policies. Microsoft's Intelligent Cloud revenue rose 18 percent to $21.5 billion, up from $18.2 billion one year ago. In addition, all our broker-priced investments have a sufficient level of trading volume to demonstrate that the fair values used are appropriate for these investments. Any shareholder can join the Annual Meeting, while shareholders of record as of September 30, 2021, will be able to vote and submit questions during the meeting. In Microsoft's fiscal year 2022, spanning from July 2021 to June 2022, the gaming revenue reached 16.23 billion U.S. dollars, up from 15.37 billion U.S . 35.40%. In fiscal year 2020, we removed $2.0 billion of foreign net operating losses and corresponding valuation allowances as a result of the liquidation of a foreign subsidiary. We operate our business and report our financial performance using three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. On-premises licenses are considered distinct performance obligations when sold with SA. ZeniMax is reported as part of our More Personal Computing segment. 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. Broker pricing is used mainly when a quoted price is not available, the investment is not priced by our pricing vendors, or when a broker price is more reflective of fair values in the market in which the investment trades. Principal currencies hedged included the Euro, Japanese yen, British pound, Canadian dollar, and Australian dollar. The COVID-19 pandemic may continue to impact our business operations and financial operating results, and there is uncertainty in the nature and degree of its continued effects over time. All repurchases were made using cash resources. Currently, you are using a shared account. Our approach to hybrid work starts with Teamsthe only all-in-one solution that supports meetings, calls, chat, collaboration, and business process automation in day-to-day workflow. Generally, we also create product documentation internally. The segments enable the alignment of strategies and objectives across the development, sales, marketing, and services organizations, and they provide a framework for timely and rational allocation of resources within businesses. Clayton, Dubilier & Rice, John W. Thompson 3,4 Our ambition for Windows 10 monetization opportunities includes gaming, services, subscriptions, and search advertising. Access to this and all other statistics on 80,000 topics from, Show sources information These contracts are not designated as hedging instruments and are included in Other contracts in the tables below. Chief Executive Officer and Growth depends on our ability to attract new users, understand intent, and match intent with relevant content and advertiser offerings. Revenue from consulting services is recognized as services are provided. Fourth-quarter revenue rose 33% to $209.7 million, driving adjusted earnings per share up 45% to $0.90. services revenue growth, Revenue from Windows Commercial products and cloud services, comprising volume licensing of the Windows operating system, Windows cloud services, and other Windows commercial offerings, Revenue from Surface devices and accessories, Revenue from Xbox content and services, comprising digital transactions, Xbox Game Pass and other subscriptions, video games, third-party video game royalties, cloud services, and advertising, Search advertising revenue, excluding TAC, growth, Revenue from search advertising excluding traffic acquisition costs (TAC) paid to Bing Ads network publishers. Visual Studio has more than 25 million monthly users, and GitHub is home to over 65 million developers who use it to build, ship, and maintain their software. Our leases have remaining lease terms of 1 year to 15 years, some of which include options to extend the leases for up to 5 years, and some of which include options to terminate the leases within 1 year. There were 63 patent infringement cases pending against Microsoft as of June 30, 2021, none of which are material individually or in aggregate. More personal Computing. Additional information on our operating segments and geographic and product information is contained in Note 19 Segment Information and Geographic Data of the Notes to Financial Statements. 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. Our cloud and AI services and datacenters help businesses cut energy consumption, reduce physical footprints, and design sustainable products. Operating Partner, Total. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. This global approach helps us remain competitive in local markets and enables us to continue to attract top talent from across the world. We will include as many of your questions as possible during the Q&A session of the meeting and will provide answers to questions on the Microsoft Investor Relations website under the Annual Meeting page. Our growth mindset culture begins with valuing learning over knowing seeking out new ideas, driving innovation, embracing challenges, learning from failure, and improving over time. 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. Enterprise Services, including Premier Support Services and Microsoft Consulting Services, assist customers in developing, deploying, and managing Microsoft server and desktop solutions and provide training and certification to developers and IT professionals on various Microsoft products. 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. And we continue to create successful new franchises. Land is not depreciated. That compared with a Wall Street . We will continue to invest in sales, marketing, product support infrastructure, and existing and advanced areas of technology, as well as continue making acquisitions that align with our business strategy. Our employees donated an additional $214 million (including the company match) to the organizations and causes they care about. Our innovation helps every developer be an AI developer, with approachable new tools from Azure Machine Learning Studio for creating simple machine learning models, to the powerful Azure Machine Learning Workbench for the most advanced AI modeling and data science. Surface revenue increased $302 million or 5%. Windows 11 builds on the strengths of productivity, versatility, and security on Windows 10 today and adds in new experiences that include powerful task switching tools like new snap layouts, snap groups, and desktops; new ways to stay connected through chat; the information you want at your fingertips; and more. 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. Activity in the allowance for doubtful accounts was as follows: Allowance for doubtful accounts included in our consolidated balance sheets: We record financing receivables when we offer certain of our customers the option to acquire our software products and services offerings through a financing program in a limited number of countries. Together with our partners, we have reached more than 47 million people to date, across 250 countries, but the work doesnt stop there. The estimated fair values are based on Level 2 inputs. . These contracts are not designated as hedging instruments and are included in Other contracts in the tables below. Although it may be difficult to imagine in this time of immeasurable hardship and deep uncertainty, I see boundless possibility ahead. Our contracts with customers often include promises to transfer multiple products and services to a customer. Okta, Proofpoint, and Symantec provide security solutions across email security, information protection, identity, and governance. The TCJA significantly changes existing U.S. tax law and includes numerous provisions that affect our business. Microsoft Edge is our fast and secure browser that helps protect your data, with built-in shopping tools designed to save you time and money. On September 18, 2019, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. Securities held in our fixed-income portfolio are subject to different interest rate risks based on their maturities. Finally, we continue to stand up for human rights, which includes taking action to prevent modern slavery and human trafficking in our business and supply chain and supporting humanitarian action and emergency response. Under the supervision and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. 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. Organizations purchase perpetual licenses and SA is optional. Our broker-priced investments are generally classified as Level 2 investments because the broker prices these investments based on similar assets without applying significant adjustments. Statista. We are investing significant resources in: Our future growth depends on our ability to transcend current product category definitions, business models, and sales motions. Differences in device market demand between developed markets and growth markets. Zoom offers videoconferencing and cloud phone solutions. Our segments provide management with a comprehensive financial view of our key businesses. Microsoft posted the first quarter of its 2022 financial results today, reporting revenue of $45.3 billion and a net income of $20.5 billion (GAAP). Our products include operating systems, cross-device productivity applications, server applications, business solution applications, desktop and server management tools, software development tools, and video games. Office Commercial products and cloud services revenue growth, Revenue from Office Commercial products and cloud services (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), comprising Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer products and cloud services revenue growth, Revenue from Office Consumer products and cloud services, including Microsoft 365 Consumer subscriptions and Office licensed on-premises, The number of Office 365 Commercial seats at end of period where seats are paid users covered by an Office 365 Commercial subscription, The number of Microsoft 365 Consumer (formerly Office 365 Consumer) subscribers at end of period, Dynamics products and cloud services Intelligent Cloud. Windows 10 serves the enterprise as the most secure and productive operating system. Revenue growth was led by its search segment . Costs incurred internally in researching and developing a computer software product are charged to expense until technological feasibility has been established for the product. CALs provide access rights to certain server products, including SQL Server and Windows Server, and revenue is reported along with the associated server product. The mix of computing devices based on form factor and screen size. Our other current financial assets and current financial liabilities have fair values that approximate their carrying values. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). For those uncertain tax positions that had not been effectively settled, we evaluated whether management had appropriately considered new information that could significantly change the recognition, measurement or disclosure of the uncertain tax positions. In general, and where applicable, we use quoted prices in active markets for identical assets or liabilities to determine the fair value of our financial instruments. AI is technologys most important priority, and healthcare is its most urgent application. We saw improvement in customer advertising spend and savings in operating expenses related to COVID-19, but experienced weakness in transactional licensing. We offer options for organizations that want to purchase our cloud services, on-premises software, and SA. We believe our server products provide customers with advantages in performance, total costs of ownership, and productivity by delivering superior applications, development tools, compatibility with a broad base of hardware and software applications, security, and manageability. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. We acknowledge we have more work ahead of us to address racial injustice and inequity, and are applying many of the programs above to help other underrepresented communities. Revenue, gross margin, and operating income included a favorable foreign currency impact of 2%, 3%, and 4%, respectively. Talent Solutions provide insights for workforce planning and tools to hire, nurture, and develop talent. Lead Independent Director, ZeniMax is reported as part of our More Personal Computing segment. For Microsoft, trust is built on privacy, security, digital safety, the responsible use of AI, and transparency. While our own actions are important, our most critical contribution will come from sharing our learnings and helping other organizations achieve their own goals for a better future too. In the United States, we expanded our work this year to include eight cities with particularly large broadband gaps, especially among Black and African American communities. In 2014, the trial court granted in part and denied in part the defendants motion to exclude the plaintiffs general causation experts. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that may cause actual results to differ materially. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Once technological feasibility is established, software costs are capitalized until the product is available for general release to customers. In January 2021, we announced that in fiscal year 2020 we reduced Microsofts carbon emissions by 586,683 metric tons. Windows Commercial revenue often reflects the number of information workers in a licensed enterprise and is relatively independent of the number of PCs sold in a given year. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. We evaluated the appropriateness and consistency of managements methods and assumptions used in the identification, recognition, measurement, and disclosure of uncertain tax positions, which included testing the effectiveness of the related internal controls. Partnerships, Satya Nadella 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. Executive Vice President, Chief Commercial Officer, Bradford L. Smith 12.80%. Server products and cloud services revenue increased $11.2 billion or 27% driven by Azure. During fiscal years 2021 and 2020, we repurchased 101 million shares and 126 million shares of our common stock for $23.0 billion and $19.7 billion, respectively, through our share repurchase programs. The plaintiffs allege that their handsets either operated outside the FCC Guidelines or were manufactured before the FCC Guidelines went into effect. 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. Commercial cloud revenue was up 33% over last year. 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. Our consolidated financial statements and accompanying notes are prepared in accordance with GAAP. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. This section generally discusses the results of our operations for the year ended June 30, 2021 compared to the year ended June 30, 2020. The AeroTech segment's revenues are expected to increase 10-13% from that reported in 2022. . The Company designs and maintains accounting and internal control systems to provide reasonable assurance at reasonable cost that assets are safeguarded against loss from unauthorized use or disposition, and that the financial records are reliable for preparing consolidated financial statements and maintaining accountability for assets. The components of intangible assets, all of which are finite-lived, were as follows: No material impairments of intangible assets were identified during fiscal years 2021, 2020, or 2019. Market Cap. The decrease in our effective tax rate for fiscal year 2021 compared to fiscal year 2020 was primarily due to tax benefits from the India Supreme Court decision on withholding taxes, an agreement between the U.S. and India tax authorities related to transfer pricing, final TCJA regulations, and an increase in tax benefits relating to stock-based compensation. We believe use of a discounted cash flow approach is the most reliable indicator of the fair values of the businesses. Under Open Value agreements, organizations can elect to purchase perpetual licenses or subscribe to licenses and SA is included. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 88 cents a share, compared with $1.32 a share in the year-ago period. These operating and finance leases will commence between fiscal year 2022 and fiscal year 2026 with lease terms of 1 year to 15 years. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in earnings. Capitalized software development costs are amortized over the estimated lives of the products. Our effective tax rate for fiscal years 2021 and 2020 was 14% and 17%, respectively. Microsofts culture is grounded in the growth mindset. Cactus' Rental revenues were $27.3 million, up from $19.2 million in the year-ago quarter. Cost of revenue increased $6.2 billion or 13% driven by growth in commercial cloud and Gaming, offset in part by a reduction in depreciation expense due to the change in estimated useful lives of our server and network equipment. In fiscal years 2019, our foreign regional operating centers in Ireland, Singapore, and Puerto Rico, which are taxed at rates lower than the U.S. rate, generated 82% of our foreign income before tax, respectively. 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. Quarterly smartphone market share worldwide by vendor 2009-2022, Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Research expert covering the consumer electronics industry, Profit from additional features with an Employee Account. Business, and Chief Marketing Officer, Christopher D. Young $75.25B. The small to medium business (SMB) segment is divided into three subsegments: Corporate scale subsegment is the largest existing SMB customers with the most opportunity for Microsoft. The Productivity and Business Processes segment, containing Microsoft 365 (formerly known as Office 365), LinkedIn and Dynamics, delivered $17 billion in revenue, up 7% and more than the . Definition and Limitations of Internal Control over Financial Reporting. In fiscal year 2020, Microsoft reduced its carbon emissions by 587,000 metric tons and purchased the removal of 1.3 million metric tons of carbon. The service gets you the information you need faster and also gives you the power and convenience of online proxy voting. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in other income (expense), net. We believe our allowances for income tax contingencies are adequate. The extent to which the COVID-19 pandemic impacts our business going forward will depend on numerous evolving factors we cannot reliably predict. Net recognized gains (losses) on debt investments were as follows: Net recognized gains (losses) on equity investments were as follows: The components of investments were as follows: Equity investments presented as Other in the tables above include investments without readily determinable fair values measured using the equity method or measured at cost with adjustments for observable changes in price or impairments, and investments measured at fair value using net asset value as a practical expedient which are not categorized in the fair value hierarchy. Savings in operating expenses related to COVID-19, but experienced weakness in transactional licensing Chief Commercial Officer Christopher... Or 5 % rate risks based on form factor and screen size general... The product microsoft revenue by segment evidence regarding the amounts and disclosures in the tables.! In January 2021, we announced that in fiscal year 2020 we Microsofts. 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