REDMOND, Wash., Sept. 28, 2015 /PRNewswire/ -- Microsoft
Corporation today announced that it will change the reporting of
its financial results to reflect the company's strategy and
ambitions to build best-in-class platforms and productivity
services for a mobile-first, cloud-first world. Beginning in fiscal
year 2016, the company will report revenue and operating income
based on three operating segments: Productivity and Business
Processes, Intelligent Cloud, and More Personal Computing.
The Productivity and Business Processes segment includes results
from Office and Office 365 for commercial and consumer customers,
as well as Dynamics and Dynamics CRM Online.
The Intelligent Cloud segment includes results from public,
private and hybrid server products and services such as Windows
Server, SQL Server, System Center, Azure, and Enterprise
Services.
The More Personal Computing segment includes results from
licensing of the Windows operating system, devices such as Surface
and phones, gaming including Xbox consoles, and search.
The company will announce its financial results for the first
quarter on October 22, 2015, and will
report financial performance based on these three operating
segments. To aid investors with the transition, for the first
quarter results only, revenue and gross margin will also be
provided for the operating segments that Microsoft reported during
fiscal year 2015.
Conference Call
To assist investors in understanding the new operating segments
and to answer questions regarding this announcement, Microsoft will
hold a conference call at 9:00 a.m.
PT on September 29, 2015 with
Frank Brod, corporate vice president
and chief accounting officer, and Chris
Suh, general manager, investor relations. The session may be
accessed at http://www.microsoft.com/investor. The webcast will be
available for replay through the close of business on September 29, 2016.
Financial Information
Financial segment information for the four quarters and the full
year for fiscal years 2014 and 2015, as if reported under the new
operating segment structure, will be available in an 8-K filing and
concurrently on the company's Web site at
http://www.microsoft.com/investor, prior to our call on
September 29, 2015.
About Microsoft
Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and
productivity company for the mobile-first, cloud-first world and
its mission is to empower every person and every organization on
the planet to achieve more.
Forward-Looking Statements
Statements in this release that are "forward-looking statements"
are based on current expectations and assumptions that are subject
to risks and uncertainties. Actual results could differ materially
because of factors such as:
- intense competition in all of Microsoft's markets;
- increasing focus on services presents execution and competitive
risks;
- significant investments in new products and services that may
not be profitable;
- acquisitions, joint ventures, and strategic alliances may have
an adverse effect on our business;
- impairment of goodwill or amortizable intangible assets causing
a significant charge to earnings;
- Microsoft's continued ability to protect and earn revenues from
its intellectual property rights;
- claims that Microsoft has infringed the intellectual property
rights of others;
- the possibility of unauthorized disclosure of significant
portions of Microsoft's source code;
- cyber-attacks and security vulnerabilities in Microsoft
products and services that could reduce revenue or lead to
liability;
- disclosure of personal data that could cause liability and harm
to Microsoft's reputation;
- outages, data losses, and disruptions of our online services if
we fail to maintain an adequate operations infrastructure;
- government litigation and regulation that may limit how
Microsoft designs and markets its products;
- potential liability under trade protection and anti-corruption
laws resulting from our international operations;
- Microsoft's ability to attract and retain talented
employees;
- adverse results in legal disputes;
- unanticipated tax liabilities;
- Microsoft's hardware and software products may experience
quality or supply problems;
- exposure to increased economic and operational uncertainties
from operating a global business;
- catastrophic events or geo-political conditions may disrupt our
business; and
- adverse economic or market conditions may harm our
business.
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 September 28, 2015. The company undertakes no
duty to update any forward-looking statement to conform the
statement to actual results or changes in the company's
expectations.
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SOURCE Microsoft Corp.