Microsoft Corp (MSFT) 10-K Annual Report Thu Jul 31 2014

REDMOND, Wash. — July 22, 2014 — Microsoft Corp. today announced revenue of $23.38 billion for the quarter ended June 30, 2014. Gross margin, operating income, and diluted earnings per share (“EPS”) for the quarter were $15.79 billion, $6.48 billion, and $0.55 per share, respectively.

Microsoft completed the acquisition of substantially all of the Nokia Devices and Services (“NDS”) business on April 25, 2014. Revenue and cost of revenue from the acquired business, including amortization of intangible assets, are reported in the new Phone Hardware segment. For the fourth quarter and fiscal year 2014, the results of NDS contributed revenue, gross margin, operating income, and diluted EPS of $1.99 billion, $54 million, $(692) million, and $(0.08), respectively.

“We are galvanized around our core as a productivity and platform company for the mobile-first and cloud-first world, and we are driving growth with disciplined decisions, bold innovation, and focused execution,” said Satya Nadella, chief executive officer of Microsoft. “I’m proud that our aggressive move to the cloud is paying off – our commercial cloud revenue doubled again this year to a $4.4 billion annual run rate.”

“Our solid execution and expense discipline allowed us to deliver a strong finish to the fiscal year,” said Amy Hood, executive vice president and chief financial officer at Microsoft. “As we enter fiscal 2015, we are focused on aligning our resources to strategic investments that we believe will deliver the next wave of innovation, growth, and long-term shareholder value.”

The following table reconciles these financial results reported in accordance with generally accepted accounting principles (“GAAP”) to Non-GAAP financial results. We have provided this Non-GAAP financial information to aid investors in better understanding the company’s performance. 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

Gross

Margin

Operating
Income

Diluted

EPS

2013 As Reported (GAAP)

$19,896

$14,294

$6,073

$0.59

Office Upgrade Offer

$(782)

$(0.07)

2013 As Adjusted (Non-GAAP)

$19,114

$13,512

$5,291

$0.52

2014 As Reported (GAAP)¹

$23,382

$15,787

$6,482

$0.55

%Y/Y (GAAP)

18%

10%

(7)%

%Y/Y (Non-GAAP)

22%

17%

23%

¹Fiscal year 2014 includes the results of the NDS business for the period beginning on April 25, 2014.

The following information was filed by Microsoft Corp (MSFT) on Tuesday, July 22, 2014 as an 8K 2.02 statement, which is an earnings 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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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Microsoft Corp provided additional information to their SEC Filing as exhibits

Exhibit 3.2: Articles Of Incorporation

Exhibit 12: Statement Regarding Calculation Of Ratios

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: MSFT
CIK: 789019
Form Type: 10-K Annual Report
Accession Number: 0001193125-14-289961
Submitted to the SEC: Thu Jul 31 2014 5:16:52 PM EST
Accepted by the SEC: Thu Jul 31 2014
Period: Monday, June 30, 2014
Industry: Prepackaged Software