FY19 Q3 - Income Statements - Investor Relations - Microsoft

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Earnings Release FY19 Q3

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Income Statements

(In millions, except per share amounts) (Unaudited) Three Months Ended
March 31,
Nine Months Ended
March 31,
2019 2018 2019 2018
Revenue:
Product
$ 15,448
$ 15,114
$ 48,966
$ 47,338
Service and other
15,123
11,705
43,160
32,937
Total revenue
30,571
26,819
92,126
80,275
Cost of revenue:
Product
3,441
3,425
12,975
11,903
Service and other
6,729
5,844
19,523
16,708
Total cost of revenue
10,170
9,269
32,498
28,611
Gross margin
20,401
17,550
59,628
51,664
Research and development
4,316
3,715
12,363
10,793
Sales and marketing
4,565
4,335
13,251
12,709
General and administrative
1,179
1,208
3,460
3,483
Operating income
10,341
8,292
30,554
24,679
Other income, net
145
349
538
1,115
Income before income taxes
10,486
8,641
31,092
25,794
Provision for income taxes
1,677
1,217
5,039
18,096
Net income
$ 8,809
$ 7,424
$ 26,053
$ 7,698
Earnings per share:
Basic
$ 1.15
$ 0.96
$ 3.39
$ 1.00
Diluted
$ 1.14
$ 0.95
$ 3.36
$ 0.99
Weighted average shares outstanding:
Basic
7,672
7,698
7,679
7,706
Diluted
7,744
7,794
7,759
7,798
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


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