微軟模板MSFTQ2_06.ppt

1、2,Microsoft CorporationFiscal 2006,Second Quarter ResultsJanuary 26, 2006,3,This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially becaus

2、e of factors in this presentation or discussed in todays press release, in the managements discussion and analysis section of the companys 2005 Form 10-K or in other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward looking statements

3、.,4,Q2 Overview,Good quarter Revenue growth of 9% Kick off of multi-year product cycle Core software businesses enjoyed healthy growth Server Display advertising revenue growth of greater than 20% Y/Y Internet access revenue declined 33%, as expected MSN estimated user base: Over 230 million active

4、Hotmail accounts Over 205 million active Messenger accounts 9.8 million total subscribers,Launched adCenter in France and Singapore, currently testing in the U.S.,2% Y/Y Decline,$606M,$581M,$598M,$564M,$593M,13,Mobile & Embedded Devices Revenue,Q2 Summary Windows Mobile revenue grew 24% Y/Y Licenses

5、 for connected devices grew more than 70% from prior year Embedded revenue grew 64% Y/Y Strong retail point of sale and thin client applications First profitable quarter with $20 million of operating profit,Embedded and connected devices drive growth,40% Y/Y Growth,$61M,$72M,$80M,$74M,$101M,14,Home

6、& Entertainment Revenue,Q2 Summary Xbox 360 Launch 1.5M consoles sold 0.9M in N. America, 0.5M in EMEA, and 0.1M in Japan US software attach: more than 4 games/console (Source: NPD) US accessory attach: more than 3/console (Source: NPD) Xbox version 1 console business 24M installed base Xbox Live Mo

7、re than 50% of Xbox 360 consoles connected to Xbox Live,Unprecedented worldwide game console launch for Xbox 360,13% Y/Y Growth,$1.37B,$571M,$587M,$506M,$1.56B,15,Fiscal Q2 Results,16,Comparative Balance Sheet,17,Guidance*,* Guidance as of January 26, 2006. Percentages denote year over year comparis

8、on to prior year quarter. Non-GAAP guidance reconciliation located in Reconciliation Slides & Appendix section. 1 Operating Income ex. legal charges refers to Operating Income guidance without the legal charges incurred during FY06-Q1, which were due to the RealNetworks settlement expense. 2 Earning

9、s per share ex. legal charges & tax benefit refer to Earnings per share guidance without the legal charges incurred during FY06-Q1, which were due to the RealNetworks settlement expense and the tax benefit in FY06-Q2.,18,Summary,Positive customer reaction to our newly launched products On time launc

10、hes of products Met expense targets for the quarter,Reconciliation Slidesand Appendix,20,Reconciliation of differences between GAAP and Non-GAAP financial measures,We may from time to time discuss second quarter of fiscal year 2006 performance using the non-GAAP financial measures presented on the f

11、ollowing two slides. The following tables provide a reconciliation of the differences between the non-GAAP financial measures presented therein and the most directly comparable financial measures calculated and presented in accordance with GAAP.,The following two slides include reconciliations for:

12、Net income Earnings per share,21,Reconciliation of Differences Between GAAP and Non-GAAP Financial Measures: Net Income,The non-GAAP measures provided above, which remove the tax benefit from the most directly comparable GAAP measures and are after tax measures, are included as an additional clarify

13、ing item to aid readers of the financial statements in further understanding the Companys second quarter fiscal year 2006 performance and the impact that certain items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for

14、, or superior to, the measures of financial performance prepared in accordance with GAAP.,22,Reconciliation of Differences Between GAAP and Non-GAAP Financial Measures: Earnings Per Share,The non-GAAP measures provided above, which remove the tax benefit from the most directly comparable GAAP measur

15、es and are after tax measures, are included as an additional clarifying item to aid readers of the financial statements in further understanding the Companys second quarter fiscal year 2006 performance and the impact that certain items and events had on the financial results. The non-GAAP financial

16、measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.,23,Reconciliation of Differences Between GAAP and Non-GAAP FY06 guidance,The following two slides includes reconciliations for: FY06 Q3 operat

17、ing income guidance FY06 Q3 earnings per share guidance FY06 operating income guidance FY06 earnings per share guidance,We may from time to time discuss fiscal year 2006 guidance using the non-GAAP financial measures presented on the following slide. The following tables provide a reconciliation of

18、the differences between the non-GAAP financial measures presented therein and the most directly comparable financial measures calculated and presented in accordance with GAAP.,24,Reconciliation of Differences Between GAAP and Non-GAAP Financial Measures: FY06-Q3 operating income and earnings per sha

19、re guidance,*Guidance may not add due to rounding. The non-GAAP measures provided above, which remove the third quarter of FY05 legal charges consisting of the Gateway and Burst settlements, extension payment made to Sun Microsystems under our existing agreement, and legal charges related to anti-tr

20、ust from the most directly comparable GAAP measures, are included as an additional clarifying item to aid readers of the financial statements in further understanding the Companys fiscal year 2006 third quarter guidance and the impact that certain items and events had on the financial guidance. The

21、non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.,25,Reconciliation of Differences Between GAAP and Non-GAAP Financial Measures: FY06 operating income and earnings per share

22、 guidance,*Guidance may not add due to rounding. The non-GAAP measures provided above, which remove the RealNetworks settlement and the tax benefit from the most directly comparable GAAP measures, are included as an additional clarifying item to aid readers of the financial statements in further und

23、erstanding the Companys fiscal year 2006 guidance and the impact that certain items and events had on the financial guidance. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.,26,2005 Revenue & Operating Income,*Fiscal year 2005 amounts have been restated for certain internal reorganizations and to conform to the current period presentation,27,Reporting Segments,Microsoft Great Plains Microsoft Navision Microsoft Axapta Microsoft Solomon Microsoft CR