com 487 10-q

3
C L A SS PROJECT: DO NOT TRADE Third Quarter 2015 News Release Highlights Revenues of $30.4 billion a 16 percent difference compared to $21.7 billion in Q3 2014. Revenues increased 10 percent sequential compared to $27.7 billion in Q2 2015. GAAP* net gain of 8 cents sequential a diluted share (from $0.79 to $0.87) GAAP net gain of 11 cents year over year a diluted share (from $0.76 to $0.87) Generated positive cash flow for the third consecutive quarter. Q3 cash 5 percent sequential increase to $8.9 billion *Generally Accepted Accounting Principles REDMOND, WASH April 27, 2015 – Microsoft Corporation (NASDAQ: MSFT) today reported revenues of $30.4 billion in the Q3 of 2015, a 10 percent sequential increase compared to the $27.7 billion reported in the second quarter. The 2015 Q3 GAAP EPS net gain was $9 million or $0.82 to $0.87 a diluted share. The company reported a 5 percent sequential increase in cash to $8.9 billion, from $8.4 million in Q2. “Customers are continuing to choose Microsoft to better their businesses as a result we’ve seen great growth in this quarter,” said Satya Nadella, chief executive officer at Microsoft. “We plan on attending Build where we will showcase what Microsoft is doing to help individuals and organizations reach their full potential with our software and platforms.”

Upload: hannah-kradenpoth

Post on 18-Aug-2015

212 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: COM 487 10-Q

CLAS

S PROJECT: DO NOT TRADE

Third Quarter 2015 News Release Highlights

Revenues of $30.4 billion a 16 percent difference compared to $21.7 billion in Q3 2014. Revenues increased 10 percent sequential compared to $27.7 billion in Q2 2015. GAAP* net gain of 8 cents sequential a diluted share (from $0.79 to $0.87) GAAP net gain of 11 cents year over year a diluted share (from $0.76 to $0.87) Generated positive cash flow for the third consecutive quarter.

Q3 cash 5 percent sequential increase to $8.9 billion *Generally Accepted Accounting Principles

REDMOND, WASH April 27, 2015 – Microsoft Corporation (NASDAQ: MSFT) today reported revenues of $30.4 billion in the Q3 of 2015, a 10 percent sequential increase compared to the $27.7 billion reported in the second quarter.

The 2015 Q3 GAAP EPS net gain was $9 million or $0.82 to $0.87 a diluted share. The company reported a 5 percent sequential increase in cash to $8.9 billion, from $8.4 million in Q2.

“Customers are continuing to choose Microsoft to better their businesses as a result we’ve seen great growth in this quarter,” said Satya Nadella, chief executive officer at Microsoft. “We plan on attending Build where we will showcase what Microsoft is doing to help individuals and organizations reach their full potential with our software and platforms.”

“We have continued to have positive growth this year, and it’s shown this quarter. We were able to execute strong operational and financial discipline, and are seeing a positive impact from our investments,” said Amy Hood, chief financial officer at Microsoft. “We plan to remain focused and determined on maximizing our shareholder value and again increased our overall return of capital to shareholders.”

Microsoft Business Outlook

Microsoft anticipates 2015 Q4 revenues to increase 5-10 percent in the range $31.9 billion to $33.4 billion

The anticipated Q4 diluted EPS is to increase 5-10 percent in the range of $0.91 to $0.95. Microsoft expects 2015 Q4 cash to increase to the range of $9.3 million to $9.7 million.

Page 2: COM 487 10-Q

Webcast Details

Satya Nadella, chief executive officer, Amy Hood, executive vice president and chief financial officer, Frank Brod, chief accounting officer, John Seethoff, deputy general counsel, and Chris Suh, general manager of Investor Relations, will host a conference call and webcast at 2:30 p.m. PST (5:30 p.m. EST) today to discuss the details of the company’s performance for the third quarter and certain forward-looking information. The session may be accessed at http://www.microsoft.com/investor. The webcast will be available for replay through the close of business on April 27, 2015.

Safe Harbor for Forward-Looking Statements

For more information about risks and uncertainties associated with Microsoft’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Microsoft’s SEC filings, including but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft’s Investor Relations department at (800) 285-7772 or at Microsoft’s Investor Relations website at http://www.microsoft.com/investor.

All information in this release is as of April 27, 2015. The company undertakes no duty to update any forward-looking statements to conform the statement to actual results or changes in the company’s expectations.

About Microsoft

Microsoft Corporation (NASDAQ: MSFT) is a leader in software, services, devices, and solutions that help people and business realize their full potential.