FY12 Q3 - Performance - Investor Relations - Microsoft

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Earnings Release FY12 Q3

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Performance

Enterprise demand drives top-line and operating income growth

  • Strong demand for business products and services
  • Continued strong adoption of Office 2010 and Windows 7
  • Double-digit revenue growth in Server & Tools
  • Online Services Division operating loss improvement
  • Strong console share despite soft market
  • Double-digit operating income growth
  • Strong product pipeline including Windows 8, Office "15", Windows Server 2012, System Center 2012, and SQL Server 2012

Revenue increased primarily due to strong sales of Server and Tools products and services and the 2010 Microsoft Office system, offset in part by a decline in Xbox 360 entertainment platform sales. Revenue for the three months ended March 31, 2012 also included Skype revenue.

Operating income increased 12%, primarily reflecting an increase in revenue, offset in part by higher research and development expenses. Research and development expenses increased $248 million or 11%, due mainly to higher headcount-related expenses. Headcount-related expenses increased across the company reflecting a 4% increase in headcount from March 31, 2011 and changes in our employee compensation program.

Diluted earnings per share were $0.60. Prior year net income and diluted earnings per share reflected a partial settlement with the U.S. Internal Revenue Service ("I.R.S.") and higher other income. The partial settlement with the I.R.S. added $461 million to prior year net income and $0.05 to diluted earnings per share.

IMPORTANT NOTICE TO USERS (summary only, click here  for full text of notice); All information is unaudited unless otherwise noted or accompanied by an audit opinion and is subject to the more comprehensive information contained in our SEC reports and filings. We do not endorse third-party information. All information speaks as of the last fiscal quarter or year for which we have filed a Form 10-K or 10-Q, or for historical information the date or period expressly indicated in or with such information. We undertake no duty to update the information. Forward-looking statements are subject to risks and uncertainties described in our  Forms 10-Q and 10-K.

Download Earnings Related Files

FY12 Earnings Release Schedule

  • Q4-Thursday, July 19

Microsoft Corp (MSFT)

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