microsoft revenue by segment

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. Gross margin percentage increased with the change in estimated useful lives of our server and network equipment. Office Consumer, including Microsoft 365 Consumer subscriptions and Office licensed on-premises, and Office Consumer Services, including Skype, Outlook.com, and OneDrive. As a result, changes in foreign exchange rates may significantly affect revenue and expenses. We design and sell devices, including Surface and PC accessories. Operating income was $20.4 billion GAAP and $21.6 billion non-GAAP, and decreased 8% and 3% . Quotes delayed by up to 15 minutes. 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. Search advertising revenue, excluding traffic acquisition costs, increased 13%. We recorded over $200 million in adjusted EBITDA for the quarter, an improvement of . Azure enables customers to devote more resources to development and use of applications that benefit their organizations, rather than managing on-premises hardware and software. Vertically integrated computer manufacturers such as Hewlett-Packard, IBM, and Oracle offer their own versions of the Unix operating system preinstalled on server hardware. 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. I have had the honor to see how the hard work and commitment of Microsofts employees, the ingenuity of our partners, the trust of our customers, and the support of our shareholders translate into strong results. I am encouraged because of the power of you, our shareholders, our employees, our partners, our customers, and everyone who has continued to work hard to make the world a better place in the face of constraints. The financial results of ZeniMax have been included in our consolidated financial statements since the date of the acquisition. At our Investor Relations website, www.microsoft.com/investor, we make available free of charge a variety of information for investors. Today's Change. 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. 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. Opinion on Internal Control over Financial Reporting. Employees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period. 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. 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. We use derivative instruments to manage risks related to foreign currencies, interest rates, equity prices, and credit; to enhance investment returns; and to facilitate portfolio diversification. 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 addition to LinkedIns free services, LinkedIn offers monetized solutions: Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions. Our sales force performs a variety of functions, including working directly with commercial enterprises and public-sector organizations worldwide to identify and meet their technology and digital transformation requirements; managing OEM relationships; and supporting system integrators, independent software vendors, and other partners who engage directly with our customers to perform sales, consulting, and fulfillment functions for our products and services. 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. For these components, we have limited near-term flexibility to use other manufacturers if a current vendor becomes unavailable or is unable to meet our requirements. Our server products face competition from a wide variety of server operating systems and applications offered by companies with a range of market approaches. In Q2 FY 2022, productivity and business processes generated $15.9 billion in revenue, comprising 31% of Microsoft's total revenue. Billionaires like Microsoft Corp. co-founder Bill Gates likely saw an opportunity through . We offer an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and we provide solution support and consulting services. The increase in our effective tax rate for fiscal year 2020 compared to fiscal year 2019 was primarily due to a $2.6 billion net income tax benefit in the fourth quarter of fiscal year 2019 related to intangible property transfers. 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. As of June 30, 2021 and 2020, our financing receivables, net were $4.4 billion and $5.2 billion, respectively, for short-term and long-term financing receivables, which are included in other current assets and other long-term assets in our consolidated balance sheets. Tackling security from all angles with our integrated, end-to-end solutions spanning security, compliance, identity, and management, across all clouds and platforms. The acquisition will build on our industry-specific cloud offerings. Server software is integrated server infrastructure and middleware designed to support software applications built on the Windows Server operating system. These levels are: We measure equity investments without readily determinable fair values on a nonrecurring basis. Our commercial business primarily consists of Server products and cloud services, Office Commercial, Windows Commercial, the commercial portion of LinkedIn, Enterprise Services, and Dynamics. 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. Our other current financial assets and current financial liabilities have fair values that approximate their carrying values. With Xbox Game Pass, we are transforming how people discover, connect, and engage with games. These allocated costs include legal, including settlements and fines, information technology, human resources, finance, excise taxes, field selling, shared facilities services, and customer service and support. 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. The following table summarizes the payments due by fiscal year for our outstanding contractual obligations as of June 30, 2021: On April 11, 2021, we entered into a definitive agreement to acquire Nuance Communications, Inc. (Nuance) for $56.00 per share in an all-cash transaction valued at $19.7 billion, inclusive of Nuances net debt. Equity investments were $6.0 billion and $3.0 billion as of June 30, 2021 and 2020, respectively. Information on our business strategies, financial results, and metrics for investors. We evaluate the recoverability of intangible assets periodically by taking into account events or circumstances that may warrant revised estimates of useful lives or that indicate the asset may be impaired. Our cloud and AI services and datacenters help businesses cut energy consumption, reduce physical footprints, and design sustainable products. Market Cap. Patent licensing includes our programs to license patents we own for use across a broad array of technology areas, including mobile devices and cloud offerings. We recorded a provisional net charge of $13.7 billion related to the enactment of the TCJA in fiscal year 2018 and adjusted the provisional net charge by recording additional tax expense of $157 million in fiscal year 2019 pursuant to Securities and Exchange Commission Staff Accounting Bulletin No. Satya Nadella Gains and losses representing hedge components excluded from the assessment of effectiveness are recognized in earnings. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate. Security, compliance, identity, and management underlie our entire tech stack. Additionally, we have agreed to cover damages resulting from breaches of certain security and privacy commitments in our cloud business. In particular, among the responsibilities of the Boards Regulatory and Public Policy Committee is to review and provide guidance to the Board and management about the Companys policies and programs that relate to CSR. 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 measure the fair value of PSUs using a Monte Carlo valuation model. 6 . Use Ask Statista Research Service, On April 25, 2014, Microsoft completed the transaction to acquire substantially all of Nokia Corporations Devices and Services Business (NDS). Our database, business intelligence, and data warehousing solutions offerings compete with products from IBM, Oracle, SAP, and other companies. You can contact Microsoft Investor Relations at any time to order financial documents such as annual reports and Form 10-Ks free of charge. Generally, this occurs shortly before the products are released to production. 35.40%. Profit from the additional features of your individual account. 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. Open agreements are designed for small and medium organizations that want to license cloud services and on-premises software over a one- to three-year period. The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year, and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in an entitys financial statements or tax returns. This global approach helps us remain competitive in local markets and enables us to continue to attract top talent from across the world. The largest component of the OEM business is the Windows operating system pre-installed on devices. 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. Our Internet address is www.microsoft.com. The Companys management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Report of Management on Internal Control over Financial Reporting. 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. In fiscal 2023, NVIDIA paid out $10.44 billion in dividends and common stocks. Refer to Note 13 Unearned Revenue for further information, including unearned revenue by segment and changes in unearned revenue during the period. As a result of the TCJA, we are required to pay a one-time transition tax on deferred foreign income not previously subject to U.S. income tax. Our More Personal Computing segment consists of products and services that put customers at the center of the experience with our technology. Building and running cloud-based services in ways that unleash new experiences and opportunities for businesses and individuals. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration we expect to receive in exchange for those products or services. That would be the fastest pace for either metric in at least six years. On-premises licenses are considered distinct performance obligations when sold with SA. Table Power BI. Property and equipment is stated at cost less accumulated depreciation, and depreciated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. Cisco Systems is using its position in enterprise communications equipment to grow its unified communications business. 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. And as I write this, we are tracking more than 140 groups that pose an active threat to global cybersecurity. ET. Microsoft is committed to supporting our employees well-being and safety while they are at work and in their personal lives. 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. Business Solutions including all features. 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. Our exclusive game content is created through Xbox Game Studios, a collection of first-party studios creating iconic and differentiated gaming experiences. Additionally, for certain equipment leases, we apply a portfolio approach to effectively account for the operating lease ROU assets and liabilities. And it underlies our approach to diversity and inclusion. The regional center in Ireland supports the European, Middle Eastern, and African region; the center in Singapore supports the Japan, India, Greater China, and Asia-Pacific region; and the centers in Fargo, North Dakota, Fort Lauderdale, Florida, Puerto Rico, Redmond, Washington, and Reno, Nevada support Latin America and North America. We provide for the estimated costs of fulfilling our obligations under hardware and software warranties at the time the related revenue is recognized. We also know that solving the carbon problem will require new technology and partnerships. We are continuing our efforts to extend broadband access to millions of people in rural and underserved communities in the United States and around the globe. The past year has also made clear how essential PCs are to work, learning, and life at home. Our fixed-income investments are exposed to interest rate risk and credit risk. If market, industry, and/or investee conditions deteriorate, we may incur future impairments. Revenue, classified by the major geographic areas in which our customers were located, was as follows: Revenue from external customers, classified by significant product and service offerings, was as follows: Our commercial cloud revenue, which includes Azure, Office 365 Commercial, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties, was $69.1 billion, $51.7 billion and $38.1 billion in fiscal years 2021, 2020, and 2019, respectively. General Partner, Greylock Partners, Penny S. Pritzker 4 Revenue from Office 365 is recognized ratably over the period in which the cloud services are provided. Announcements of investor conferences, speeches, and events at which our executives talk about our product, service, and competitive strategies. Office Commercial products revenue declined 23% driven by continued customer shift to cloud offerings and transactional weakness. Awards that expire or are canceled without delivery of shares generally become available for issuance under the plans. At Microsoft, we believe that the economic growth we help drive must reach every person, community, and country. The metrics reflect our cloud and on-premises product strategies and trends. Our hardware is generally highly dependent on, and interrelated with, the underlying operating system and cannot function without the operating system. We compete by providing powerful, flexible, secure, integrated industry-specific, and easy-to-use productivity and collaboration tools and services that create comprehensive solutions and work well with technologies our customers already have both on-premises or in the cloud. All deferred income taxes are classified as long-term in our consolidated balance sheets. Our principal audit procedures related to the Companys revenue recognition for these customer agreements included the following: Income Taxes Uncertain Tax Positions Refer to Note 12 to the financial statements. 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. Web-based offerings competing with individual applications have also positioned themselves as alternatives to our products and services. We settled a portion of the Internal Revenue Service (IRS) audit for tax years 2004 to 2006 in fiscal year 2011. Any change in the goodwill amounts resulting from foreign currency translations and purchase accounting adjustments are presented as Other in the table above. Antitrust, Unfair Competition, and Overcharge Class Actions. Our competitors are developing new software and devices, while also deploying competing cloud-based services for consumers and businesses. We tested the mathematical accuracy of managements calculations of revenue and the associated timing of revenue recognized in the financial statements. 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. Significant judgment is exercised by the Company in determining revenue recognition for these customer agreements, and includes the following: Given these factors and due to the volume of transactions, the related audit effort in evaluating managements judgments in determining revenue recognition for these customer agreements was extensive and required a high degree of auditor judgment. These obligations did not have a material impact in our consolidated financial statements during the periods presented. Search advertising revenue excluding traffic acquisition costs increased 13% driven by higher revenue per search and search volume. During fiscal year 2020, we recorded an impairment charge of $161 million to operating lease right-of-use assets due to the closing of our Microsoft Store physical locations. In April 2021, we entered into a definitive agreement to acquire Nuance Communications, Inc., a cloud and AI software provider with healthcare and enterprise AI experience. Azure is a trusted cloud with comprehensive compliance coverage and AI-based security built in. At the platform as a service (PaaS) level, new Azure Communication Services enable developers to integrate rich communications APIs into their applications using the same infrastructure that powers Microsoft Teams. 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. Gross income from the Rental . Chairman and Chief Executive Officer As of June 30, 2021 and 2020, equity investments without readily determinable fair values measured at cost with adjustments for observable changes in price or impairments were $3.3 billion and $1.4 billion, respectively. 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. We offer integrated, end-to-end capabilities to protect people and organizations. We regularly review inventory quantities on hand, future purchase commitments with our suppliers, and the estimated utility of our inventory. The proceeds of these issuances were or will be used for general corporate purposes, which may include, among other things, funding for working capital, capital expenditures, repurchases of capital stock, acquisitions, and repayment of existing debt. Our Enterprise Mobility + Security offerings also compete with products from a range of competitors including identity vendors, security solution vendors, and numerous other security point solution vendors. For software warranties, we estimate the costs to provide bug fixes, such as security patches, over the estimated life of the software. 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. . Customized manager learning to build people manager capabilities and similar learning solutions to build leadership skills for all employees including differentiated leadership development programs. We manage the average maturity of the fixed-income portfolio to achieve economic returns that correlate to certain global fixed-income indices. 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 . Judgment is required in assessing the future tax consequences of events that have been recognized in our consolidated financial statements or tax returns. Interest and dividends income decreased due to lower yields on fixed-income securities. $ 35,058. Chief Executive Officer, Segment. 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. It has helped us become more empathetic toward our colleagues and enabled us to work together as a teamas One Microsoft. 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. In middleware, we compete against Java vendors. Outcomes: The segment generated revenues of $66 million (14.1% of total revenues), up 4% on a year-over-year basis due to higher software license and product sales partly offset by EMEA prepay . For Microsoft, trust is built on privacy, security, digital safety, the responsible use of AI, and transparency. Total. In addition, we consider specific adverse conditions related to the financial health of, and business outlook for, the investee. And yet, as I reflect on what has been a very challenging year for so manyone that will be forever remembered as a heartbreaking chapter in our historyI find reasons to be hopeful. At the end of the quarter, it had a remaining share-repurchase authorization of $7.23 billion through December 2023 . Our increasing engagement with open source software will also cause us to license our intellectual property rights broadly in certain situations. Today, it is exciting to see how our platforms and tools are enabling people and organizations to achieve remarkable things that would have been unimaginable even a few years ago. 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. 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. Enterprise Services revenue increased $534 million or 8% driven by growth in Premier Support Services. Browse Earnings Releases: Browse Prior Earnings Releases: Fiscal Year. 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 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 . In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2021 and 2020, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2021, in conformity with accounting principles generally accepted in the United States of America. Yet the fashion and leather goods segment (comprising brands like Fendi and Louis Vuitton) is the major one, generating over 39 billion in . Enterprise Agreements are designed for medium or large organizations that want to license cloud services and on-premises software organization-wide over a three-year period. For derivative instruments designated as fair value hedges, gains and losses are recognized in other income (expense), net with offsetting gains and losses on the hedged items. Billion non-GAAP, and interrelated with, the investee server products face competition from a variety. 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Our other current financial liabilities have fair values on a nonrecurring basis lower yields on securities! Can not function without the operating system SAP, and competitive strategies inventory. And losses representing hedge components excluded from the additional features of your individual.! Per search and search volume committed to supporting our employees well-being and safety while they are work! That technological feasibility for our software products is reached after all high-risk development issues have been included in consolidated... % driven by higher revenue per search and search volume as a teamas One Microsoft customer... That want to license cloud services and on-premises software over a one- to three-year period associated of! Gates likely saw an opportunity through are recognized in Earnings not have a material in! Consists of products and services server and network equipment that expire or are canceled without delivery of generally. 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