FY18 Q3 - Intelligent Cloud Performance - Investor Relations - Microsoft

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Earnings Release FY18 Q3

NarrativePower BI

Intelligent Cloud

Revenue increased $1.2 billion or 17%, including a favorable foreign currency impact of 2%.

• Server products and cloud services revenue increased $1.0 billion or 20%, driven by Azure revenue growth of 93% and server products licensed on-premises revenue growth of 3%.

• Enterprise Services revenue increased $106 million or 8%, driven by higher revenue from Premier Support Services and Microsoft Consulting Services, offset in part by a decline in revenue from custom support agreements.

Operating income increased $506 million or 24%, including a favorable foreign currency impact of 3%.

• Gross margin increased $739 million or 16%, driven by growth in server products and cloud services revenue and cloud services scale and efficiencies. Gross margin percentage decreased, primarily due to an increased mix of cloud offerings, offset in part by gross margin percentage improvement in Azure. Gross margin included a favorable foreign currency impact of 2%.

• Operating expenses increased $233 million or 9%, driven by investments in commercial sales capacity and cloud engineering. Operating expenses included an unfavorable foreign currency impact of 2%.

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.

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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards

FY18 Earnings Release Schedule

  • Q4-Thursday, July 19

Microsoft Corp (MSFT)

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