MICROSOFT CORP (MSFT) SEC Filing 10-K Annual report for the fiscal year ending Thursday, June 30, 2016

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Exhibit 99.1

Microsoft Cloud Strength Highlights Fourth Quarter Results

Commercial cloud annualized revenue run rate exceeds $12.1 billion

REDMOND, Wash. — July 19, 2016 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2016:

 

    Revenue was $20.6 billion GAAP, and $22.6 billion non-GAAP
    Operating income was $3.1 billion GAAP, and $6.2 billion non-GAAP
    Net income was $3.1 billion GAAP, and $5.5 billion non-GAAP
    Diluted earnings per share was $0.39 GAAP, and $0.69 non-GAAP

“This past year was pivotal in both our own transformation and in partnering with our customers who are navigating their own digital transformations,” said Satya Nadella, chief executive officer at Microsoft. “The Microsoft Cloud is seeing significant customer momentum and we’re well positioned to reach new opportunities in the year ahead.”

The following table reconciles our financial results reported in accordance with generally accepted accounting principles (“GAAP”) to non-GAAP financial results. Microsoft has provided this non-GAAP financial information to aid investors in better understanding the company’s performance. Additional information regarding non-GAAP definitions is provided below. All growth comparisons relate to the corresponding period in the last fiscal year.

 

     

Three Months Ended June 30,

 

        
 ($ in millions, except per share amounts)        Revenue              Operating    
Income
(Loss)
         Net Income    
(Loss)
    

    Diluted Earnings    
(Loss)

per Share

 

2015 As Reported (GAAP)

 

  

 

 

 

 

$22,180

 

 

  

 

  

 

 

 

 

$(2,053)

 

 

  

 

  

 

 

 

 

$(3,195)

 

 

  

 

  

 

$(0.40)

 

 

  Impairment, Integration, and Restructuring Expenses

 

    

 

-

 

  

 

    

 

8,438

 

  

 

    

 

8,262

 

  

 

  

1.02

 

 

2015 As Adjusted (non-GAAP)

 

    

 

$22,180

 

  

 

    

 

$6,385

 

  

 

    

 

$5,067

 

  

 

  

$0.62

 

 

2016 As Reported (GAAP)

 

    

 

$20,614

 

  

 

    

 

$3,080

 

  

 

    

 

$3,122

 

  

 

  

$0.39

 

 

  Net Impact from Windows 10 Revenue Deferrals

 

    

 

2,028

 

  

 

    

 

2,028

 

  

 

    

 

1,467

 

  

 

  

0.19

 

 

  Impairment, Integration, and Restructuring Expenses

 

    

 

-

 

  

 

    

 

1,110

 

  

 

    

 

895

 

  

 

  

0.11

 

 

2016 As Adjusted (non-GAAP)

 

    

 

$22,642

 

  

 

    

 

$6,218

 

  

 

    

 

$5,484

 

  

 

  

$0.69

 

 

Percentage Change Y/Y (GAAP)

 

    

 

(7)%

 

  

 

    

 

*

 

  

 

    

 

*

 

  

 

  

*

 

 

Percentage Change Y/Y (non-GAAP)

 

    

 

2%

 

  

 

    

 

(3)%

 

  

 

    

 

8%

 

  

 

  

11%

 

 

Percentage Change Y/Y (non-GAAP) Constant Currency

 

    

 

5%

 

  

 

    

 

6%

 

  

 

    

 

23%

 

  

 

  

27%

 

* Not meaningful

During the quarter, Microsoft returned $6.4 billion to shareholders in the form of share repurchases and dividends.

The current quarter effective tax rate reflected a favorable mix of our income between the U.S. and foreign countries, as well as benefits associated with distributions from foreign affiliates. As such, the GAAP and non-GAAP tax rates were 7% and 15%, respectively.

“This fiscal year we invested in innovation and expanded our market presence in key product areas and geographies,” said Amy Hood, executive vice president and chief financial officer at Microsoft. “I am pleased with the execution from our sales teams and partners this quarter who delivered a strong finish to the fiscal year.”


The following information was filed by MICROSOFT CORP on Tuesday, July 19, 2016 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0001193125-16-662209
  • Submitted to the SEC: Thursday, July 28, 2016
  • Accepted by the SEC: Thursday, July 28, 2016
  • Period Ending: June 2016
Companies
 

MSFT Morningstar

MICROSOFT CORP

$64.62 +0 (+0%)

Day's Range:
$64.14 to $64.80

52-Week Range:
$48.04 to $65.91

Volume:
21,796,800

Volume (Avg):
24,106,600

Earnings per Share:
$2.12

PEG / Short / PE Ratios:
2.33 / 1.65 / 30.41

Market Cap:
$499.35B

Book Value:
8.90

EBITDA:
$27.74B