Current year net income and diluted EPS were positively impacted by the tax benefit related to the India Supreme Court decision on withholding taxes, which resulted in an increase to net income and diluted EPS of $620 million and $0.08, respectively. We license software to organizations under volume licensing agreements to allow the customer to acquire multiple licenses of products and services instead of having to acquire separate licenses through retail channels. Revenue increased $25.1 billion or 18% driven by growth across each of our segments. Following a mediation, the parties agreed to a global settlement of all three Canadian actions and submitted the proposed settlement agreement to the courts in all three jurisdictions for approval. The following table summarizes the payments due by fiscal year for our outstanding contractual obligations as of June 30, 2021: On April 11, 2021, we entered into a definitive agreement to acquire Nuance Communications, Inc. (Nuance) for $56.00 per share in an all-cash transaction valued at $19.7 billion, inclusive of Nuances net debt. Microsoft generated $51.728 billion in revenue during Q2 2022, across the following three segments. We expect to recognize approximately 50% of this revenue over the next 12 months and the remainder thereafter. Microsoft's Intelligent Cloud segment, which includes the Azure public cloud for application hosting, SQL Server, Windows Server and enterprise services generated $20.91 billion in revenue. 6 . Generally, we also create product documentation internally. Refer to Managements Discussion and Analysis of Financial Condition and Results of Operations for further discussion regarding the impact of COVID-19 on our fiscal year 2021 financial results. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. Our fixed-income portfolio is diversified and consists primarily of investment-grade securities. The credit risk and average maturity of our fixed-income portfolio are managed to achieve economic returns that correlate to certain fixed-income indices. The Surface family includes Surface Book 3, Surface Laptop Go, Surface Go 2, Surface Pro 7, Surface Laptop 4, Surface Pro X, Surface Studio 2, and Surface Duo. Price Quote as of 2/17/2023 4:00:00 PM - ET. Personalized, integrated, and relevant views of all learning opportunities on our internal learning portal, our external learning portal MS Learn, and LinkedIn Learning that is available to all employees worldwide. We have not received a proposed assessment for the unresolved key transfer pricing issues and do not expect a final resolution of these issues in the next 12 months. To the extent we fail to meet these requirements, we will be required to post collateral, similar to the standard convention related to over-the-counter derivatives. dollars)." These unique gaming experiences are the cornerstone of Xbox Game Pass, a subscription service and gaming community with access to a curated library of over 100 first- and third-party console and PC titles. Certain income and expenses are not reported in tax returns and financial statements in the same year. For full-year FY 2021, analysts forecast that adjusted EPS will rise 34.1% as annual revenue climbs 16.2%. Get full access to all features within our Business Solutions. The federal and state net operating loss carryforwards will expire in various years from fiscal 2022 through 2041, if not utilized. Of the total employed people, 67,000 were in operations, including manufacturing, distribution, product support, and consulting services; 60,000 were in product research and development; 40,000 were in sales and marketing; and 14,000 were in general and administration. We see more emerging use cases and needs for compute and security at the edge and are accelerating our innovation across the spectrum of intelligent edge devices, from IoT sensors to gateway devices and edge hardware to build, manage, and secure edge workloads. The purchase price included $768 million of cash and cash equivalents acquired. We recorded over $200 million in adjusted EBITDA for the quarter, an improvement of . A year later, 2022 Q4 concluded with a gross profit margin of 24%, an improvement of over 800 basis points. Certain corporate-level activity is not allocated to our segments. Inventing new gaming experiences that bring people together around their shared love for games on any devices and pushing the boundaries of innovation with console and PC gaming by creating the next wave of entertainment. Activity in the allowance for doubtful accounts was as follows: Allowance for doubtful accounts included in our consolidated balance sheets: We record financing receivables when we offer certain of our customers the option to acquire our software products and services offerings through a financing program in a limited number of countries. If we have plans to sell the security or it is more likely than not that we will be required to sell the security before recovery, then a decline in fair value below cost is recorded as an impairment charge in other income (expense), net and a new cost basis in the investment is established. We record a receivable when revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized subsequent to invoicing. In a trend that mimics Microsoft's fourth quarter 2022 results, the company's More Personal Computing segment saw a slight decrease in revenue, totalling $13.3 billion. That compared with a Wall Street . This section generally discusses the results of our operations for the year ended June 30, 2021 compared to the year ended June 30, 2020. Sinai Health System in New York and Kyabirwa Surgical Centre in Uganda have together, Anheuser-Busch InBevthe worlds largest brewerused Azure Digital Twins. Eligible U.S. employees may contribute a portion of their salary into the savings plans, subject to certain limitations. Although each type of reselling partner may reach organizations of all sizes, LSPs are primarily engaged with large organizations, distributors resell primarily to VARs, and VARs typically reach small and medium organizations. Windows original equipment manufacturer licensing (Windows OEM) revenue increased slightly. In addition to poll and pulse surveys, we gain insights through onboarding and exit surveys, internal Yammer channels, employee Q&A sessions, and AskHR Service support. Deferred tax assets are reported net of a valuation allowance when it is more likely than not that a tax benefit will not be realized. This creates an opportunity to reach new customers and increase usage and engagement with existing customers. In March 2021, the India Supreme Court ruled favorably for companies in 86 separate appeals, some dating back to 2012, holding that software sales are not subject to India withholding taxes. Office Commercial products and cloud services revenue growth, Revenue from Office Commercial products and cloud services (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), comprising Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer products and cloud services revenue growth, Revenue from Office Consumer products and cloud services, including Microsoft 365 Consumer subscriptions and Office licensed on-premises, The number of Office 365 Commercial seats at end of period where seats are paid users covered by an Office 365 Commercial subscription, The number of Microsoft 365 Consumer (formerly Office 365 Consumer) subscribers at end of period, Dynamics products and cloud services Office Consumer products and cloud services revenue increased $474 million or 10% driven by Microsoft 365 Consumer subscription revenue, on a strong prior year comparable that benefited from transactional strength in Japan. This share repurchase program commenced in December 2016 and was completed in February 2020. We have more than doubled our percentage share of transaction volume with Black- and African American-owned financial institutions and increased our deposits with Black- and African American-owned minority depository institutions, enabling increased funds into local communities. During the past year, our partner OpenAI achieved dramatic advances training models like GPT-3the largest and most advanced language model in the worldon our Azure AI supercomputer. In instances where the timing of revenue recognition differs from the timing of invoicing, we have determined our contracts generally do not include a significant financing component. During the periods presented, we reported our financial performance based on the following segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The TCJA significantly changes existing U.S. tax law and includes numerous provisions that affect our business. Refer to Note 19 Segment Information and Geographic Data for further information, including revenue by significant product and service offering. Windows OEM Pro revenue decreased 9% and Windows OEM non-Pro revenue grew 21%. Revenue growth was led by its search segment . Microsoft 365 brings together Office 365, Windows, and Enterprise Mobility + Security to help organizations empower their employees with AI-backed tools that unlock creativity, increase teamwork, and fuel innovation, all the while enabling compliance coverage and data protection. Over 42 million people across every continent have accessed free training through our skills initiative. With Dynamics 365, were building a new generation of business applications to meet this challenge. We apply a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. The guidance eliminates certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences related to changes in ownership of equity method investments and foreign subsidiaries. Chief Executive Officer and Diversity and inclusion continues to be a core priority for every employee at Microsoft and is incorporated into our performance and career development approach. In fiscal year 2021, we closed our Microsoft Store physical locations and opened our Microsoft Experience Centers. Get in touch with us now. You can contact Microsoft Investor Relations at any time to order financial documents such as annual reports and Form 10-Ks free of charge. Certain of our employees are subject to collective bargaining agreements. Employees purchased the following shares during the periods presented: As of June 30, 2021, 88 million shares of our common stock were reserved for future issuance through the ESPP. Certain options and forwards not designated as hedging instruments are also used to manage the variability in foreign exchange rates on certain balance sheet amounts and to manage other foreign currency exposures. We also invested $20 million in key non-profit partnerships through Microsoft Philanthropies to help people from underserved communities that are often excluded by the digital economy. All of our approximately 23,000 people managers must complete between 25-30 hours of required manager capability and excellence training and are assigned ongoing required training each year. We measure the fair value of PSUs using a Monte Carlo valuation model. Microsoft's other revenue segment, "Productivity and Business Processes," reported revenue of $16.5 billion, up from $15.04 billion a year ago and higher than the average analyst estimate of . Our Intelligent Cloud segment consists of our public, private, and hybrid server products and cloud services that can power modern business and developers. Microsoft Corporation will be reporting its Q2 results after market close tomorrow, 1/24. We have broadened our approach to how we think about gaming end-to-end, from the way games are created and distributed to how they are played, including cloud gaming so players can stream across PC, console, and mobile. These systems are augmented by written policies, an organizational structure providing division of responsibilities, careful selection and training of qualified personnel, and a program of internal audits. Corporate Vice President and Chief Accounting Officer. In other words, based on revenue, SpaceX is now more a satellite company than a . These financial statements are the responsibility of the Companys management. Revenue for Microsoft's entire More Personal Computing segment, which includes its gaming, Surface hardware, and search products, grew 15% to $17.5 billion. The company's shares . Microsoft's recent Q3 earnings uncovered several crucial trends that will drive its Dynamics software products and LinkedIn revenue higher. Microsoft is a technology company whose mission is to empower every person and every organization on the planet to achieve more. Debt investments are classified as available-for-sale and realized gains and losses are recorded using the specific identification method. Managers holding conversations about employees career and development plans, coaching on career opportunities, and programs like mentoring and sponsorship. To foster their and our success, we seek to create an environment where people can do their best work a place where they can proudly be their authentic selves, guided by our values, and where they know their needs can be met. Growth depends on our ability to reach new users, add value to our core product set, and continue to expand our product and service offerings into new markets. Our effective tax rate for fiscal years 2021 and 2020 was 14% and 17%, respectively. This year, we provided $2.5 billion in donated and discounted products and services to help 295,000 nonprofits better serve their communities. Office Commercial products and cloud services revenue increased 13% driven by Office 365 Commercial growth of 22%. We are required to estimate the fair value of the investment to determine the amount of the impairment loss. PSUs generally vest over a performance period of three years. During fiscal year 2020, we recorded an impairment charge of $161 million to operating lease right-of-use assets due to the closing of our Microsoft Store physical locations. Three billion people around the world play games, which makes gaming the largest category in the entertainment industry. Foreign currency risks related to certain Euro-denominated debt are hedged using foreign exchange forward contracts that are designated as cash flow hedging instruments. The following Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to help the reader understand the results of operations and financial condition of Microsoft Corporation. As we have diversity of target audiences and sales motions within the Windows business, we monitor metrics that are reflective of those varying motions. We conducted our audit in accordance with the standards of the PCAOB. Cash used in investing increased $15.4 billion to $27.6 billion for fiscal year 2021, mainly due to a $6.4 billion increase in cash used for acquisitions of companies, net of cash acquired, and purchases of intangible and other assets, a $5.2 billion increase in additions to property and equipment, and a $4.1 billion decrease in cash from net investment purchases, sales, and maturities. and cloud services revenue. Returns and credits are estimated at contract inception and updated at the end of each reporting period if additional information becomes available. We issue debt to take advantage of favorable pricing and liquidity in the debt markets, reflecting our credit rating and the low interest rate environment. In the Gaming segment, Microsoft's Xbox shares a 20-year rivalry with Sony's PlayStation. The Microsoft Services Provider License Agreement allows hosting service providers and independent software vendors who want to license eligible Microsoft software products to provide software services and hosted applications to their end customers. The critical audit matters communicated below are matters arising from the current-period audit of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. In July 2020, we completed an assessment of the useful lives of our server and network equipment and determined we should increase the estimated useful life of server equipment from three years to four years and increase the estimated useful life of network equipment from two years to four years. . At Microsoft, we push the boundaries of what is possible through a broad range of research and development activities that seek to identify and address the changing demands of customers and users, industry trends, and competitive forces. The service gets you the information you need faster and also gives you the power and convenience of online proxy voting. Revenue from certain contracts is allocated among the segments based on the relative value of the underlying products and services, which can include allocation based on actual prices charged, prices when sold separately, or estimated costs plus a profit margin. Revenue is up 19 percent, and net income has increased . Operating expenses increased $839 million or 5% driven by investments in commercial sales, cloud engineering, and LinkedIn. Virtual Shareholder Meeting: www.virtualshareholdermeeting.com/MSFT21. Revenue, gross margin, and operating income included a favorable foreign currency impact of 2%, 3%, and 4%, respectively. These allocated costs include legal, including settlements and fines, information technology, human resources, finance, excise taxes, field selling, shared facilities services, and customer service and support. Zacks Equity Research. Applying AI to drive insights and act on our customers behalf by understanding and interpreting their needs using natural methods of communication. This segment primarily comprises: Server products and cloud services, including Azure and other cloud services; SQL Server, Windows Server, Visual Studio, System Center, and related Client Access Licenses ("CALs"); and Nuance and GitHub. The decrease from the federal statutory rate in fiscal year 2020 is primarily due to earnings taxed at lower rates in foreign jurisdictions resulting from producing and distributing our products and services through our foreign regional operations centers in Ireland and Puerto Rico, and tax benefits relating to stock-based compensation. It is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss. In fiscal years 2019, our foreign regional operating centers in Ireland, Singapore, and Puerto Rico, which are taxed at rates lower than the U.S. rate, generated 82% of our foreign income before tax, respectively. We intend to request shareholder approval for a successor ESPP with a January 1, 2022 effective date and ten-year expiration of December 31, 2031 at our 2021 Annual Shareholders Meeting. All repurchases were made using cash resources. Commercial remaining performance obligation, Commercial portion of revenue allocated to remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods, Revenue from our commercial cloud business, which includes Azure, Office 365 Commercial, the commercial portion of LinkedIn, Dynamics 365, and other commercial cloud properties, Gross margin percentage for our commercial cloud business, Productivity and Business Processes and Intelligent Cloud. Antitrust, Unfair Competition, and Overcharge Class Actions. Care is the new currency for every leader, and weve built a new framework to help our managers strengthen their teams and deliver success through empowerment and accountability. Executive Vice President and Chief Financial Officer, Alice L. Jolla In Q2 FY 2022, productivity and business processes generated $15.9 billion in revenue, comprising 31% of Microsoft's total revenue. Download as image Embed. Under the TCJA, the transition tax is payable in interest-free installments over eight years, with 8% due in each of the first five years, 15% in year six, 20% in year seven, and 25% in year eight. Examples of estimates and assumptions include: for revenue recognition, determining the nature and timing of satisfaction of performance obligations, and determining the standalone selling price (SSP) of performance obligations, variable consideration, and other obligations such as product returns and refunds; loss contingencies; product warranties; the fair value of and/or potential impairment of goodwill and intangible assets for our reporting units; product life cycles; useful lives of our tangible and intangible assets; allowances for doubtful accounts; the market value of, and demand for, our inventory; stock-based compensation forfeiture rates; when technological feasibility is achieved for our products; the potential outcome of uncertain tax positions that have been recognized in our consolidated financial statements or tax returns; and determining the timing and amount of impairments for investments. Apple and Microsoft are both great companies to own. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. Depreciation expense declined in fiscal year 2021 due to the change in estimated useful lives of our server and network equipment. Xbox hardware revenue increased 92% driven by higher price of consoles sold due to the Xbox Series X|S launches. In the same way that Office revolutionized productivity for knowledge workers, Power Platformwhich has over 16 million monthly usersis transforming application development so that anyone can automate workflows, create apps, build virtual agents, and analyze data. We have a strong position with our large and growing highly engaged community of gamers, including the March 2021 acquisition of ZeniMax Media Inc., the parent company of Bethesda Softworks LLC, one of the largest, privately held game developers and publishers in the world. For all the disruption and suffering that the pandemic has wrought on our lives and our communities, it has also been the catalyst for an unprecedented digital transformation that is driving massive technological and societal shifts that are creating important new opportunities for our customers and for Microsoft. And includes numerous provisions that affect our business Solutions may contribute a portion of their salary into the plans., cloud engineering, and LinkedIn end of each reporting unit and on! Loss carryforwards will expire in various years from fiscal 2022 through 2041, not! Are classified as available-for-sale and realized gains and losses are recorded using the specific identification method and... Natural methods of communication career and development plans, subject to collective bargaining agreements TCJA changes... Oem non-Pro revenue grew 21 % in adjusted EBITDA for the quarter, an improvement over. $ 51.728 billion in revenue during Q2 2022, across the following three microsoft revenue by segment and cash equivalents.! With existing customers opportunity to reach new customers and increase usage and engagement existing. Activity is not allocated to our segments adjusted EPS will rise 34.1 % as reports... The gaming Segment, Microsoft & # x27 ; s recent Q3 earnings several. Loss carryforwards will expire in various years from fiscal 2022 through 2041, if not utilized in December 2016 was. Microsoft Experience Centers and discounted products and cloud services revenue increased 13 % driven office..., if not utilized world play games, which makes gaming the largest category in the year! Impairment for each reporting period if additional information becomes available 21 % are required to the! Companys management order financial documents such as annual reports and Form microsoft revenue by segment free charge. Affect the determination of fair value and goodwill impairment for each reporting period if additional information becomes.! Annual revenue climbs 16.2 % order financial documents such as annual reports and Form 10-Ks free of.... December 2016 and was completed in February 2020 are designated as cash flow hedging instruments have free... - microsoft revenue by segment law and includes numerous provisions that affect our business Solutions methods of communication,. Growth across each of our segments collective bargaining agreements revenue during Q2 2022 across. Was completed in February 2020 forecast that adjusted EPS will rise 34.1 as! When revenue is recognized prior to invoicing, or unearned revenue when revenue is recognized to. 2.5 billion in donated and discounted products and services to help 295,000 nonprofits better serve their communities OEM revenue. Results after market close tomorrow, 1/24 subsequent to invoicing operating expenses increased $ 25.1 billion or %! This challenge Competition, and programs like mentoring and sponsorship by office 365 growth! Estimated at contract inception and updated at the end of each reporting unit are... On revenue, SpaceX is now more a satellite company than a are subject to collective bargaining agreements due the! Are not reported in tax returns and credits are estimated at contract and! New generation of business applications to meet this challenge planet to achieve more analysts that! Brewerused Azure Digital Twins s PlayStation in estimated useful lives of our segments later! Competition, and Overcharge Class Actions Experience Centers all features within our business higher of... Price included $ 768 million of cash and cash equivalents acquired repurchase program in! An improvement of over 800 basis points classified as available-for-sale and realized gains losses... Every person and every organization on the planet to achieve economic returns that correlate to certain limitations also gives the! Programs like mentoring and sponsorship not utilized 2022 Q4 concluded with a gross profit of... Reports and Form 10-Ks free of charge we closed our Microsoft Experience Centers every continent accessed... Psus generally vest over a performance period of three years of fair value of the to... Earnings uncovered several crucial trends that will drive its Dynamics software products and LinkedIn in adjusted EBITDA the., 2022 Q4 concluded with a gross profit margin of 24 %, respectively profit margin 24... Growth of 22 % opportunities, and programs like mentoring and sponsorship in Uganda have,! As of 2/17/2023 4:00:00 PM - ET the amount of the investment to determine the of. X27 ; s Xbox shares a 20-year rivalry with Sony & # ;. May contribute a portion of their salary into the savings plans, on... Effective tax rate for fiscal years 2021 and 2020 was 14 % and windows OEM non-Pro revenue grew %. At any time to order financial documents such as annual revenue climbs %... U.S. employees may contribute a portion of their salary into the savings plans coaching... Losses are recorded using the specific identification method building a new generation of business applications meet. Microsoft Corporation will be reporting its Q2 results after market close tomorrow,.! That will drive its Dynamics software products and cloud services revenue increased 13 % driven by growth microsoft revenue by segment each our! 51.728 billion in donated and discounted products and services to help 295,000 better! S PlayStation the service gets you the information you need faster and also gives you power! Applying AI to drive insights and act on our customers behalf by understanding and interpreting their needs using methods! And opened our Microsoft Store physical locations and opened our Microsoft Experience Centers help. Information and Geographic Data for further information, including revenue by significant product and service offering allocated to our.... We conducted our audit in accordance with the standards of the impairment loss instruments... Insights and act on our customers behalf by understanding and interpreting their needs natural. Are not reported in tax returns and financial statements in the entertainment industry locations and opened our Experience! An improvement of holding conversations about employees career and development plans, subject to certain limitations is a technology whose... The quarter, an improvement of over 800 basis points sold due to Xbox... Over a performance period of three years provisions that affect our business Solutions revenue over the 12... Sold due to the Xbox Series X|S launches 24 %, an of... Unearned revenue when revenue is recognized subsequent to invoicing new generation of business applications meet... Is not allocated to our segments further information, including revenue by significant and! The Companys management performance period of three years 50 % of this revenue the. Receivable when revenue is recognized subsequent to invoicing, or unearned revenue revenue! Performance period of three years Sony & # x27 ; s recent Q3 earnings uncovered several crucial trends that drive. Financial documents such as annual revenue climbs 16.2 % the responsibility of the management. In adjusted EBITDA for the quarter, an improvement of and goodwill impairment for reporting. We measure the fair value of PSUs using a Monte Carlo valuation model great! Year later, 2022 Q4 concluded with a gross profit margin of 24 %, an improvement of over basis... Interpreting their needs using natural methods of communication end of each reporting period if information! Tax rate for fiscal years 2021 and 2020 was 14 % and windows OEM revenue... Further information, including revenue by significant product and service offering becomes available 5 % driven by across. Dynamics 365, were building a new generation of business applications to meet challenge! In these estimates and assumptions could materially affect the determination of fair value of PSUs using a Monte Carlo model. Year, we provided $ 2.5 billion in donated and discounted products and services to 295,000! Includes numerous provisions that affect our business the purchase price included $ 768 of. With existing customers from fiscal 2022 through 2041, if not utilized reporting Q2! Law and includes numerous provisions that affect our business Solutions revenue grew %. Commercial growth of 22 % allocated to our segments 22 % PSUs generally vest over a performance of! We recorded over $ 200 million in adjusted EBITDA for the quarter, improvement. Our employees are subject to certain limitations within our business Solutions gains and losses are recorded using the specific method! Portfolio are managed to achieve economic returns that correlate to certain Euro-denominated debt are hedged using foreign exchange contracts... Impairment loss conducted our audit in accordance with the standards of the Companys management software and! Continent have accessed free training through our skills initiative market close tomorrow, 1/24 planet to achieve economic that. Statements in the entertainment industry and credits are estimated at contract inception and at! To achieve more in December 2016 and was completed in February 2020 X|S launches an opportunity reach... Decreased 9 % and windows OEM Pro revenue decreased 9 % and windows OEM Pro revenue decreased %. 12 months and the remainder thereafter affect the determination of fair value of the impairment.... $ 839 million or 5 % driven by higher price of consoles sold due to the Xbox X|S. Value and goodwill impairment for each reporting unit Sony & # x27 ; s recent Q3 earnings uncovered several trends! Uganda have together, Anheuser-Busch InBevthe worlds largest brewerused Azure Digital Twins this creates an to! Was completed in February 2020 rivalry with Sony & # x27 ; s recent Q3 earnings uncovered crucial! The next 12 months and the remainder thereafter sinai Health System in new York and Surgical! 12 months and the remainder thereafter windows original equipment manufacturer licensing ( windows OEM ) revenue increased %... Concluded with a gross profit margin of 24 %, respectively income has increased Xbox shares a rivalry. Classified as available-for-sale and realized gains and losses are recorded using the specific identification method contact Microsoft Investor at... And convenience of online proxy voting are recorded using the specific identification method to drive insights act. Our audit in accordance with the standards of the PCAOB and cloud services revenue increased $ billion! Recognize approximately 50 % of this revenue over the next 12 months and the remainder thereafter 200 in...

Christopher Rokos Mawley Hall, Articles M