微软模板Q4-FY06ERSlides.ppt

1 2 MicrosoftCorporationFiscal2006 FourthQuarter FiscalYear2006ResultsJuly20 2006 3 Thispresentationmaycontainstatementsthatareforwardlooking Thesestatementsarebasedoncurrentexpectationsandassumptionsthataresubjecttorisksanduncertaintieswhichmaycauseactualresultstodiffermateriallybecauseoffactorsinthispresentationordiscussedintoday spressrelease inthemanagement sdiscussionandanalysissectionofthecompany s2005Form10 KorinotherreportsandfilingswiththeSecuritiesandExchangeCommission Weundertakenodutytoupdateorreviseanyforwardlookingstatements whetherasaresultsofnewinformation futureeventsorotherwise 4 FY06Overview DoubledigitrevenuegrowthDoubledigitbookingsgrowthinboththequarterandfiscalyearBusinessSolutionsandMobile EmbeddedDevicesachievedoperatingprofitabilityforthefiscalyearSubstantialprogressonshareholderreturnstrategy AnnouncedCashDistributionPlan Today sannouncementconsistsoftwocomponents Tenderoffer Repurchaseupto 20billionofcommonstockatapricepersharenotgreaterthan 24 75andnotlessthan 22 50Authorizationfora 20billionstockrepurchaseplan 5 ThecontentofthisslideisforinformationalpurposeonlyandisnotanoffertobuyorthesolicitationofanoffertosellanysharesoftheCompany scommonstock ThesolicitationofofferstobuytheCompany scommonstockwillonlybemadepursuanttotheOffertoPurchaseandrelatedmaterialsthattheCompanywillsendtoitsshareholders Shareholdersshouldreadthosematerialscarefullybecausetheywillcontainimportantinformation includingthevarioustermsandconditionsofthetenderoffer ShareholderswillbeabletoobtaincopiesoftheOffertoPurchase relatedmaterialsfiledbytheCompanyaspartofthestatementonSchedule TO andotherdocumentsfiledwiththeSecuritiesandExchangeCommissionthroughtheCommission sinternetaddressathttp www sec govwithoutchargewhenthesedocumentsbecomeavailable Shareholdersandinvestorsmayalsoobtainacopyofthesedocuments aswellasanyotherdocumentstheCompanyhasfiledwiththeSecuritiesandExchangeCommission withoutcharge fromtheCompanyorattheInvestorRelationssectionoftheCompany sWebsite Shareholdersareurgedtocarefullyreadthesematerialspriortomakinganydecisionwithrespecttotheoffer ShareholdersandinvestorswhohavequestionsorneedassistancemaycallGeorgesonShareholderCommunications Inc at 800 868 1366 6 LookingaheadtoFY07 Secondandlargestphaseofmulti yearproductcycleContinueddoubledigitrevenuegrowthOperatingincomegrowthtolagrevenuegrowthinthefirsthalfofFY07 WeexpectthistoreverseinthesecondhalfofFY07Investmentsinkeyareasoflong termgrowthopportunities 7 FY06 Q4FinancialSummary Totalrevenue 11 80billion16 growthoverthecomparableperiodlastyearQ3guidancewas 11 5 11 7billionOperatingincome 3 88billionOperatingincomewas 4 23billionandup13 Y YwhenadjustedtoexcludecertainlegalchargesQ3guidancewas 4 0 4 2billionDilutedearningspershare 0 28EPSwas 0 31andup3 Y YwhenadjustedtoexcludecertainlegalchargesQ3guidancewas 0 30CashreturnedtoshareholdersQuarterlydividendandsharerepurchasesreturnedover 5 0billiontoshareholders 8 FY06 Q4KeyDataPoints PCmarketgrowthestimate 11 12 ApproximatebillingmixOEM 30 Multi yearlicensingagreements 40 Licenseonly 15 Unearnedbalanceof 10 9billionContracted notbilledbalanceexceeds 9billion 9 ClientRevenue Q4SummaryOEMlicenseunitgrowthof19 OEMrevenuegrowthof13 CommercialandRetailincreased6 drivenbystronggrowthinmulti yearcontractagreementsReleasedWindowsVistaBeta2 12 Y YGrowth StrongPCshipmentsdrivegrowthinWindowsClientproducts 3 01B 3 19B 3 46B 3 19B 3 38B 10 Server ToolsRevenue Q4SummarySQLServerrevenueY Ygrowthexceeds35 Y YonstrengthofSQLServer 2005Healthyserverhardwareunitgrowth withWindowsServergrowthinlinewithmarket16thconsecutivequarterofdoubledigitrevenuegrowth MomentumfromrecentproductlaunchesofSQLServer VisualStudio driverevenuegrowth 18 Y YGrowth 2 70B 2 53B 2 91B 2 85B 3 18B 11 InformationWorkerRevenue Q4SummaryReleasedOffice2007Beta2ContinuedstrongdemandforOfficeLivebetawith100 000activesubscriptionsUnveiledUnifiedCommunicationsproductroadmapandpartnerecosystem StrongannuitygrowthsignalsstrongcustomerdemandforOffice2007 2 94B 2 70B 6 Y YGrowth 2 98B 2 95B 3 13B 12 MicrosoftBusinessSolutionsRevenue Q4SummaryLicenserevenuegrowthof15 drivenprimarilybystrongdemandforDynamicsCRMandDynamicsERPproductsAchievedoperatingprofitabilityforthefourthquarterandfiscalyearEnhancementrevenuegrowthof20 LaunchedDynamicsAX4 0duringthequarter 50 000 newDynamicsCRMusersadded 16 Y YGrowth 242M 181M 242M 216M 280M 13 MSNRevenue Q4SummaryAdvertisingrevenuewasflatduetorampupofadCenterAccessrevenuedeclined13 asexpectedMSNadCenterservicing100 ofMSN sUSsearchtrafficbytheendofthequarterMSNendedthequarterwith Over260MactiveHotmailaccountsOver240MactiveMessengeraccounts ContinuedprogressontransitioningsearchadvertisingtoadCenter 3 Y YDecline 598M 564M 593M 561M 580M 14 Mobile EmbeddedDevicesRevenue Q4SummaryGrowthdrivenprimarilybyWindowsMobilesoftwareandWindowsEmbeddedOSWindowsMobilesoftwareup37 Embeddedrevenueup38 Y YFortheyear licensegrowthforWindowsMobilebasedphonesincreased90 Mobile EmbeddedachievedoperatingprofitabilityforthefirsttimeeverinFY06 Fifthconsecutivequarterofrevenuegrowthinexcessof40 41 Y YGrowth 80M 74M 101M 89M 113M 15 Home EntertainmentRevenue ContinuedstrongcustomerdemandforXbox360console Q4SummaryOver125 Xboxrevenuegrowth1 8MXBox360consoleshipments 5MconsoleinstalledbaseStrongsoftwareandperipheralattachOver3MXboxLivesubscribers24 Y YgrowthinHomeProductsDivision MSTV PCGamesAnnouncedtheacquisitionofLionheadduringthequarter 94 Y YGrowth 587M 506M 1 56B 1 06B 1 14B 16 FiscalQ4Results 17 FiscalYear2006Results 18 ComparativeBalanceSheet 19 Guidance GuidanceasofJuly20 2006 Percentagesdenoteyearoveryearcomparisontoprioryearquarter PlannedspendinginFY07 20 Allamountsareapproximate 21 ReconciliationSlidesandAppendix 22 ReconciliationofdifferencesbetweenGAAPandNon GAAPfinancialmeasures Wemayfromtimetotimediscussfourthquarterandfiscalyear2006performanceusingthenon GAAPfinancialmeasurespresentedonthefollowingfourslides Thefollowingtablesprovideareconciliationofthedifferencesbetweenthenon GAAPfinancialmeasurespresentedthereinandthemostdirectlycomparablefinancialmeasurescalculatedandpresentedinaccordancewithGAAP Thefollowingfiveslidesincludereconciliationsfor OperatingincomeexcludinglegalchargesEarningspershareexcludinglegalchargesOperatingexpensesexcludinglegalchargesRevenue operatingincome andoperatingmarginsexcludinglegalchargesandHome EntertainmentQ4effectivetaxrateexcludinglegalcharges 23 ReconciliationofDifferencesBetweenGAAPandNon GAAPFinancialMeasures Operatingincome Thenon GAAPmeasuresprovidedabove whichremovethelegalchargesfromthemostdirectlycomparableGAAPmeasuresareincludedasanadditionalclarifyingitemtoaidreadersofthefinancialstatementsinfurtherunderstandingtheCompany sfourthquarterandfiscalyear2006performanceandtheimpactthatcertainitemsandeventshadonthefinancialresults Thenon GAAPfinancialmeasuresprovidedaboveshouldnotbeconsideredasasubstitutefor orsuperiorto themeasuresoffinancialperformancepreparedinaccordancewithGAAP 24 ReconciliationofDifferencesBetweenGAAPandNon GAAPFinancialMeasures EarningsPerShare Thenon GAAPmeasuresprovidedabove whichremovethelegalchargesfromthemostdirectlycomparableGAAPmeasuresandareaftertaxmeasures areincludedasanadditionalclarifyingitemtoaidreadersofthefinancialstatementsinfurtherunderstandingtheCompany sfourthquarterandfiscalyear2006performanceandtheimpactthatcertainitemsandeventshadonthefinancialresults Thenon GAAPfinancialmeasuresprovidedaboveshouldnotbeconsideredasasubstitutefor orsuperiorto themeasuresoffinancialperformancepreparedinaccordancewithGAAP 25 ReconciliationofdifferencesbetweenGAAPandNon GAAPfinancialmeasures Operatingexpense Thenon GAAPmeasuresprovidedabove whichremovelegalsettlementsfromthemostdirectlycomparableGAAPmeasuresandareaftertaxmeasures areincludedasanadditionalclarifyingitemtoaidreadersofthefinancialstatementsinfurtherunderstandingtheCompany sfirstquarterfiscalyear2006performanceandtheimpactthatcertainitemsandeventshadonthefinancialresults Thenon GAAPfinancialmeasuresprovidedaboveshouldnotbeconsideredasasubstitutefor orsuperiorto themeasuresoffinancialperformancepreparedinaccordancewithGAAP 26 ReconciliationofDifferencesBetweenGAAPandNon GAAPFinancialMeasures Revenue Operatingincome andOperatingmarginsexcludinglegalchargesandHome Entertainment Thenon GAAPmeasuresprovidedabove whichremovethelegalchargesfromthemostdirectlycomparableGAAPmeasuresandareaftertaxmeasures areincludedasanadditionalclarifyingitemtoaidreadersofthefinancialstatementsinfurtherunderstandingtheCompany sfourthquarterandfiscalyear2006performanceandtheimpactthatcertainitemsandeventshadonthefinancialresults Thenon GAAPfinancialmeasuresprovidedaboveshouldnotbeconsideredasasubstitutefor orsuperiorto themeasuresoffinancialperformancepreparedinaccordancewithGAAP 27 ReconciliationofdifferencesbetweenGAAPandNon GAAPfinancialmeasures FY06 Q4Effectivetaxrate Thenon GAAPmeasuresprovidedabove whichremovethelegalchargesfromthemostdirectlycomparableGAAPmeasuresandareaftertaxmeasures areincludedasanadditionalclarifyingitemtoaidreadersofthefinancialstatementsinfurtherunderstandingtheCompany sfourthquarterandfiscalyear2006performanceandtheimpactthatcertainitemsandeventshadonthefinancialresults Thenon GAAPfinancialmeasuresprovidedaboveshouldnotbeconsideredasasubstitutefor orsuperiorto themeasuresoffinancialperformancepreparedinaccordancewithGAAP 28 ReconciliationofDifferencesBetweenGAAPandNon GAAPFY07guidance Thefollowingslideincludesareconciliationfor FY07operatingincomeguidance Wemayfromtimetotimediscussfiscalyear2007guidanceusingthenon GAAPfinancialmeasurespresentedonthefollowingslide Thefollowingtablesprovideareconciliationofthedifferencesbetweenthe