microsoft revenue by segment

microsoft revenue by segment

This share repurchase program commenced in February 2020, following completion of the program approved on September 20, 2016, has no expiration date, and may be terminated at any time. 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We believe that our audits provide a reasonable basis for our opinion. Our web application platform software competes with open source software such as Apache, Linux, MySQL, and PHP. More personal Computing. Former Executive Vice President and We have served as the Companys auditor since 1983. Metrics related to our More Personal Computing segment assess the performance of key lines of business within this segment. Our More Personal Computing segment consists of products and services that put customers at the center of the experience with our technology. Microsoft just announced its results for FY22 Q4, which ended on June 30, 2022. Our Intelligent Cloud segment consists of our public, private, and hybrid server products and cloud services that can power modern business and developers. Gross margin increased $18.9 billion or 20% driven by growth across each of our segments and the change in estimated useful lives of our server and network equipment. The competitive position of Linux has also benefited from the large number of compatible applications now produced by many commercial and non-commercial software developers. Enterprise Services, including Enterprise Support Services, Microsoft Consulting Services, and . You need at least a Starter Account to use this feature. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. In fiscal years 2021, 2020, and 2019, there were no individually significant other reconciling items. AI is technologys most important priority, and healthcare is its most urgent application. $63.364 billion of Microsoft's $198.270 billion in fiscal year 2022 revenue came from the Productivity and Business Processes segment. 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. As of June 30, 2021, 2020, and 2019, we had accrued interest expense related to uncertain tax positions of $4.3 billion, $4.0 billion, and $3.4 billion, respectively, net of income tax benefits. We compete for talented individuals globally by offering an exceptional working environment, broad customer reach, scale in resources, the ability to grow ones career across many different products and businesses, and competitive compensation and benefits. Microsoft Corporation will be reporting its Q2 results after market close tomorrow, 1/24. The amortization of these costs is included in cost of revenue over the estimated life of the products. Depreciation expense declined in fiscal year 2021 due to the change in estimated useful lives of our server and network equipment. Our Search business, including Bing and Microsoft Advertising, is designed to deliver relevant online advertising to a global audience. The second broad category of OEMs are system builders consisting of lower-volume PC manufacturers, which source Microsoft software for pre-installation and local redistribution primarily through the Microsoft distributor channel rather than through a direct agreement or relationship with Microsoft. To sign up for this free service, visit the Annual Report site on the Investor Relations website at: http://www.microsoft.com/investor/AnnualReports/default.aspx. A majority of our investments are priced by pricing vendors and are generally Level 1 or Level 2 investments as these vendors either provide a quoted market price in an active market or use observable inputs for their pricing without applying significant adjustments. Windows 10 serves the enterprise as the most secure and productive operating system. However, some of our products contain certain components for which there are very few qualified suppliers. 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. With Xbox Game Pass, we are transforming how people discover, connect, and engage with games. Cost includes materials, labor, and manufacturing overhead related to the purchase and production of inventories. Cash from operations increased $16.1 billion to $76.7 billion for fiscal year 2021, mainly due to an increase in cash received from customers, offset in part by an increase in cash paid to suppliers and employees. Once an investment is determined to be impaired, an impairment charge is recorded in other income (expense), net. 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. 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. statistic alerts) please log in with your personal account. 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. For all the disruption and suffering that the pandemic has wrought on our lives and our communities, it has also been the catalyst for an unprecedented digital transformation that is driving massive technological and societal shifts that are creating important new opportunities for our customers and for Microsoft. Were seeing our family of products play key roles in the ways the world is continuing to work, learn, and connect. We believe Windows competes effectively by giving customers choice, value, flexibility, security, an easy-to-use interface, and compatibility with a broad range of hardware and software applications, including those that enable productivity. In 2014, the trial court granted in part and denied in part the defendants motion to exclude the plaintiffs general causation experts. We distribute our retail packaged products primarily through independent non-exclusive distributors, authorized replicators, resellers, and retail outlets. Cost of revenue is allocated in certain cases based on a relative revenue methodology. Awards that expire or are canceled without delivery of shares generally become available for issuance under the plans. More broadly, we are leading the way with solutions tailored to the needs of key industries. Many of our shareholders are increasingly focused on the importance of the effective engagement and action on ESG topics. The Microsoft Cloud Solution Provider program offers customers an easy way to license the cloud services they need in combination with the value-added services offered by their systems integrator, managed services provider, or cloud reseller partner. Bethesda is one of the largest, privately held game developers and publishers in the world, and brings a broad portfolio of games, technology, and talent to Xbox. Advertising expense was $1.5 billion, $1.6 billion, and $1.6 billion in fiscal years 2021, 2020, and 2019, respectively. What you need to know. Vertically integrated computer manufacturers such as Hewlett-Packard, IBM, and Oracle offer their own versions of the Unix operating system preinstalled on server hardware. (All figures in USD millions, except percentages) The company generates revenue by licensing and supporting an array of software products; offering a diverse portfolio of cloud-based solutions and other services to people and business organizations; designing, manufacturing, and selling devices; and . President, Wells Fargo & Company. We provide for the estimated costs of fulfilling our obligations under hardware and software warranties at the time the related revenue is recognized. Cisco Systems is using its position in enterprise communications equipment to grow its unified communications business. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Microsoft Experience Centers are designed to facilitate deeper engagement with our partners and customers across industries. 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. With Azure Mixed Reality Services, digital information can be represented within the context of the three-dimensional world we live in. Refer to Note 16 Stockholders Equity of the Notes to Financial Statements for further discussion. The financial results of GitHub have been included in our consolidated financial statements since the date of the acquisition. Office Consumer is designed to increase personal productivity through a range of products and services. In making this judgment, we employ a systematic methodology that considers available quantitative and qualitative evidence in evaluating potential impairment of our investments. This growth mindset served us well during the past year of crisis, disruption, and transformation. With more than 60 datacenter regionsincluding 15 new regions added this year on five continentswe are delivering faster access to data and cloud services while addressing critical data residency requirements. We have determined that technological feasibility for our software products is reached after all high-risk development issues have been resolved through coding and testing. 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). These operating and finance leases will commence between fiscal year 2022 and fiscal year 2026 with lease terms of 1 year to 15 years. Investments with maturities beyond one year may be classified as short-term based on their highly liquid nature and because such marketable securities represent the investment of cash that is available for current operations. Revenue with cloud products like Azure, Office 365 Commercial and the commercial portion of LinkedIn amounted to $27.1 billion, an increase of $5 billion or 22 percent year over year. General and administrative expenses include payroll, employee benefits, stock-based compensation expense, severance expense, and other headcount-related expenses associated with finance, legal, facilities, certain human resources and other administrative personnel, certain taxes, and legal and other administrative fees. Both numbers easily beat analyst estimates. Our employees donated an additional $214 million (including the company match) to the organizations and causes they care about. A paid subscription is required for full access. 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. Sales Solutions help companies strengthen customer relationships, empower teams with digital selling tools, and acquire new opportunities. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. Assessed the terms in the customer agreement and evaluated the appropriateness of managements application of their accounting policies, along with their use of estimates, in the determination of revenue recognition conclusions. Our segments provide management with a comprehensive financial view of our key businesses. At the end of the quarter, it had a remaining share-repurchase authorization of $7.23 billion through December 2023 . SA is included. Other reconciling items, net consists primarily of tax credits and GILTI tax, and in fiscal year 2021, includes tax benefits from the India Supreme Court decision on withholding taxes. Vice Chairman and Executive Vice Revenue from Starlink is also expected to grow substantially, from $1.9 billion last year to $5.4 billion in 2023. Much of our segment level research and development is coordinated with other segments and leveraged across the Company. Our fixed-income portfolio is diversified and consists primarily of investment-grade securities. During fiscal year 2020, we recorded an impairment charge of $186 million to Property and Equipment, primarily to leasehold improvements, due to the closing of our Microsoft Store physical locations. Following are details of the purchase price allocated to the intangible assets acquired: On October 25, 2018, we acquired GitHub, Inc. (GitHub), a software development platform, in a $7.5 billion stock transaction (inclusive of total cash payments of $1.3 billion in respect of vested GitHub equity awards and an indemnity escrow). , Jan 12, 2023. And we continue to expand our opportunity in the creator economy by adding new ways for players to build and monetize their creations in many of our most popular games. Microsoft annual revenue for 2022 was $198.27B, a 17.96% increase from 2021. These financial statements are the responsibility of the Companys management. The plaintiffs allege that their handsets either operated outside the FCC Guidelines or were manufactured before the FCC Guidelines went into effect. The goodwill was primarily attributed to increased synergies that are expected to be achieved from the integration of ZeniMax. Microsoft Cloud Solution Provider is our main partner program for reselling cloud services. 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. We use a forward-looking expected credit loss model for accounts receivable, loans, and other financial instruments. Yet the fashion and leather goods segment (comprising brands like Fendi and Louis Vuitton) is the major one, generating over 39 billion in . 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. Announcements of investor conferences, speeches, and events at which our executives talk about our product, service, and competitive strategies. 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. We are also at the forefront of the enterprise metaverse, a new infrastructure layer made possible through the convergence of the digital and physical worlds. Refer to Note 12 Income Taxes of the Notes to Financial Statements for further discussion. 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. 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. Finally, we believe transparency is the foundation of trust, so we continue to offer clear information on how we run our business and work with customers and partners. Fair value is calculated based on publicly available market information or other estimates determined by management. And we have made a commitment to match 100 percent of our electricity consumption with zero carbon energy purchases 100 percent of the time by 2030. Judgment is required in determining when technological feasibility of a product is established. Enterprise Agreements offer large organizations a manageable volume licensing program that gives them the flexibility to buy cloud services and software licenses under one agreement. Fiscal year ending June 30. We also know that solving the carbon problem will require new technology and partnerships. Our server products face competition from a wide variety of server operating systems and applications offered by companies with a range of market approaches. Microsoft has introduced a Hybrid Workplace Flexibility Guide to better support managers and employees as they adapt to new ways of working that shift paradigms, embrace flexibility, promote inclusion, and drive innovation. It drives our passion to obsess about our customers, and to learn about and from them. Microsoft 365 Consumer subscribers increased 22% to 51.9 million. Quarter. The company's Xbox Game Pass gaming subscription revenue during the year was . You can only download this statistic as a Premium user. As of June 30, 2021 and 2020, accumulated goodwill impairment was $11.3 billion. We believe our allowances for income tax contingencies are adequate. Transforming the workplace to deliver new modern, modular business applications to improve how people communicate, collaborate, learn, work, play, and interact with one another. 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. Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact in our consolidated financial statements, these matters are subject to inherent uncertainties and managements view of these matters may change in the future. 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. We provide indemnifications of varying scope and size to certain customers against claims of intellectual property infringement made by third parties arising from the use of our products and certain other matters. Obsessing over what matters to our customers. Determination of stand-alone selling prices for each distinct performance obligation and for products and services that are not sold separately. If our review indicates a reduction in utility below carrying value, we reduce our inventory to a new cost basis through a charge to cost of revenue. While we employ much of our internally-developed intellectual property exclusively in our products and services, we also engage in outbound licensing of specific patented technologies that are incorporated into licensees products. Dynamics provides cloud-based and on-premises business solutions for financial management, enterprise resource planning (ERP), customer relationship management (CRM), supply chain management, and other application development platforms for small and medium businesses, large organizations, and divisions of global enterprises. Our Dynamics business solutions are also licensed to enterprises through a global network of channel partners providing vertical solutions and specialized services. 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. Internal development allows us to maintain competitive advantages that come from product differentiation and closer technical control over our products and services. Gross margin percentage increased with the change in estimated useful lives of our server and network equipment. Shares repurchased during the third quarter of fiscal year 2020 were under the share repurchase programs approved on both September 20, 2016 and September 18, 2019. Employees purchased the following shares during the periods presented: As of June 30, 2021, 88 million shares of our common stock were reserved for future issuance through the ESPP. We believe that our audit provides a reasonable basis for our opinion. Xbox content and services revenue increased $2.3 billion or 23% driven by growth in third-party titles, Xbox Game Pass subscriptions, and first-party titles. Office Consumer Services revenue is mainly affected by the demand for communication and storage through Skype, Outlook.com, and OneDrive, which is largely driven by subscriptions, advertising, and the sale of minutes. No one company, industry, or country can solve these challenges alone. However, due to the integrated structure of our business, certain revenue recognized and costs incurred by one segment may benefit other segments.

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