FY18 Q3 - Performance - Investor Relations - Microsoft
Browse Prior Earnings Releases:
Earnings Release FY18 Q3
Performance
Revenue increased $3.6 billion or 16%, driven by growth across each of our segments. Productivity and Business Processes revenue increased, driven by higher revenue from Office and LinkedIn. Intelligent Cloud revenue increased, primarily due to higher revenue from server products and cloud services. More Personal Computing revenue increased, driven by higher revenue from Windows, Gaming, Surface, and Search advertising. Revenue included a favorable foreign currency impact of 3%.
Operating income increased $1.6 billion or 23%, driven by growth across each of our segments. Operating income included a favorable foreign currency impact of 3%.
Key changes in expenses were:
• Cost of revenue increased $1.2 billion or 15%, mainly due to growth in our commercial cloud and Gaming.
• Sales and marketing expenses increased $463 million or 12%, primarily due to investments in commercial sales capacity and LinkedIn. Sales and marketing included an unfavorable foreign currency impact of 3%.
• Research and development expenses increased $360 million or 11%, primarily due to investments in cloud engineering and LinkedIn.
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Information contained in these documents is current as of the earnings date, and not restated for new accounting standards
Earnings Release Pages
Related Information
FY18 Earnings Release Schedule
- Q4-Thursday, July 19