Tag Archives: Corp

Microsoft announces new capabilities for a seamless, smart and secure IoT world – Stories

New solutions deliver IoT innovations from cloud to edge

REDMOND, Wash. — Oct. 28, 2019 — Microsoft Corp. on Monday announced new capabilities that further simplify the customer journey and deliver highly secured IoT solutions. These solutions help customers embrace IoT as a core strategy to drive better business outcomes, improve safety and address social issues by predicting and preventing equipment failures, optimizing smart buildings for space utilization and energy management, improving patient outcomes and worker safety, tracking assets across a supply chain, and more.

The proliferation of IoT devices is enabling companies to bring cloud intelligence to the edge, to create solutions that are adaptive and responsive to their environments. According to IDC,1 41.6 billion devices — including smartphones, smart home assistants and smart appliances — will be connected to the internet by 2025. Even sooner, by 2021, 94% of businesses surveyed will be using IoT, according to a recent Microsoft IoT Signals research report and, in nearly every case (97%), those companies are concerned about potential security risks.

“At Microsoft, we are committed to building a trusted, easy-to-use platform that allows our customers and partners to build seamless, smart, secure solutions regardless of where they are in the IoT journey,” said Sam George, CVP of Azure IoT at Microsoft. “That’s why we are investing $5B in IoT and intelligent edge — technology that is accelerating ubiquitous computing and bringing unparalleled opportunity across industries.”

Delivering new IoT innovations from cloud to edge

Our core focus is addressing the challenge of securing connected devices at every layer while advancing IoT to create a seamless experience between the physical and digital worlds. In the past year, we launched more than 100 new services and features that make IoT solutions more secure and scalable, reduce complexity, and create opportunities in new market areas.

Making IoT seamless

IoT Central is a fully managed IoT app platform that provides solution builders with built-in security, scale and extensibility needed to develop enterprise-grade IoT solutions. New features to IoT Central simplify challenges of building and deploying scalable and affordable enterprise applications:

  • 11 new industry-focused application templates to accelerate solution builders across retail, healthcare, government and energy.
  • API support for extending IoT Central or integrating it with other solutions, including API support for device modelling, provisioning, lifecycle management, operations and data querying.
  • IoT Edge support, including management for edge devices and IoT Edge module deployments, which enable customers to deploy cloud workloads, including AI, directly to connected devices.
  • IoT Plug and Play support, for rapid device development and connectivity.
  • The ability to Save & Load applications to enable application reusability.
  • More Data Export options for continually exporting data to other Azure PaaS services, such as storage for rich analytics.
  • Multitenancy support for building and managing a single application with multiple tenants, each with their own isolated data, devices, users and roles. And updates to that single application are visible to all tenants for easy manageability.
  • Custom user roles for fine-grained access control to data, actions and configurations in the system.
  • New pricing model for early 2020, designed to help customers and partners have predictable pricing as usage scales.

Making IoT smarter

Azure IoT Hub helps enterprise developers reduce costs and optimize operations through IoT cloud applications. New capabilities with IoT Hub message enrichment add the ability to stamp messages coming from devices with rich information before they are sent to downstream cloud services, making integration easy. IoT Hub integrates with Azure Event Grid, making it easy to consume IoT Hub device messages from an even broader variety of downstream services.

Azure Maps customers can add geospatial weather intelligence into their applications to enable scenarios like weather-based routing, weather-based targeted marketing and weather-based operations optimization, in partnership with AccuWeather. Azure Maps will now be available on Gov Cloud, simplifying the onboarding process for customers.

Azure Time Series Insights is announcing new preview capabilities including:

  • Multilayered storage provides the best of both worlds: lightning fast access to frequently used data (“warm data”) and fast access to infrequently used historical data (“cold data”).
  • Flexible cold storage: Historical data is stored in a customer’s own Azure Storage account, giving customers complete control of their IoT data. Data is stored in open source Apache Parquet format, enabling predictive analytics, machine learning and other custom computations using familiar technologies including Spark, Databricks and Jupyter.
  • Rich analytics: Rich query APIs and user experience support interpolation, new scalar and aggregate functions, categorical variables, scatter plots, and time shifting between time series signals for in-depth analysis.
  • Enterprise-grade scale: Scale and performance improvements at all layers, including ingestion, storage, query and metadata/model.
  • Extensibility and integration: New Time Series Insights Power BI connector allows customers to take queries from Time Series Insights into Power BI to get a unified view in a single pane of glass.

Through our Express Logic acquisition, Azure RTOS continues to enable new intelligent capabilities. It unlocks access to billions of new connected endpoints and grows the number of devices that can seamlessly connect to Azure. Renesas is a top microcontroller unit (MCU) manufacturer that shares our vision of making IoT development as easy and seamless as possible, and we are excited to announce that Azure RTOS will be broadly available across Renesas’ products, including the Synergy and RA MCU families. It is already integrated into the Renesas Synergy Software Package and will be integrated out of box with the Renesas RA Flexible Software Package.

Making IoT more secure

We have added new features to Azure Security Center for IoT with the announcement of a Security Partner program and support for national clouds, and we are excited to announce the upcoming general availability of Azure Sphere in February 2020.

Enabling a future of intelligent and secure computing at the edge for organizations, enterprises and consumers will require advances in computer architecture all the way down to the chip level, with security built in from the beginning. Microsoft Azure Sphere is taking a holistic approach to securing the intelligent edge and IoT from the silicon to the cloud in a way that gives customers flexibility and control. For example, Qualcomm recently announced a partnership with Microsoft to develop mobile hardware for Microsoft’s Azure Sphere IoT operating system.

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

1 IDC, Worldwide Global DataSphere IoT Device and Data Forecast, 2019–2023, Doc # US45066919, May 2019

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Microsoft Media Relations, WE Communications, (425) 638-7777, [email protected]

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://news.microsoft.com/microsoft-public-relations-contacts.

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Microsoft and ENGIE announce innovative renewable initiatives – Stories

CHICAGO – Sept. 24, 2019 – Microsoft Corp. and ENGIE today announced both an innovative, long-term solar and wind energy power purchase agreement (PPA) that provides 24/7 supply in the United States and implementation of Darwin, an energy software developed by ENGIE using the intelligent cloud services of Microsoft Azure to optimize performance of ENGIE’s wind, solar, and hybrid (wind + solar) renewable assets worldwide.

The hybrid renewable deal will see Microsoft purchase a total of 230 MW from two ENGIE projects in Texas, bringing Microsoft’s renewable energy portfolio to more than 1,900 MW. Microsoft will purchase the majority of the output from the new 200 MW Las Lomas wind project, which will be located in Starr & Zapata Counties in south Texas. Microsoft will also purchase 85 MW from the 200 MW Anson Solar Center project, which will be built in in Jones County in central Texas. Both projects will be operated by ENGIE and are expected to come on-line in January 2021.

“ENGIE’s ambition is to work with our customers and communities to lead the transition to a zero-carbon world,” said Isabelle Kocher, CEO of ENGIE. “We are proud to support Microsoft in its plan to increasingly meet its energy needs with renewable power, and to do so in a highly customized way to meet 24/7 demand over many years.”

The relationship between ENGIE and Microsoft will not only produce more clean energy in the United States, it also creates an example for how customers can procure it. This PPA includes an innovative volume firming agreement (VFA) that will convert the intermittent renewable energy supply into a fixed 24/7 power solution aligned with Microsoft’s energy needs.

In addition, ENGIE and Microsoft are advancing the digital transformation of the renewable energy sector. ENGIE’s Darwin software, currently deployed on more than 15,000 MW of assets globally, enables real-time plant monitoring and control, reporting, forecasting, performance monitoring and predictive maintenance, among many other benefits. Darwin relies on the latest Microsoft Azure intelligent cloud technologies such as IoT and artificial intelligence, including machine learning and cognitive services. Darwin has already enabled ENGIE to increase plant availability and to enhance production performance of up to a few percent on some of its assets.

With renewable energy expected to be the largest single source of electricity growth in the next five years, according to the International Energy Agency (IEA), these kinds of data-driven solutions will become increasingly important. ENGIE alone has a program to build approximately 9,000 MW of new renewable energy projects from 2019–2021 globally, with 2,500 MW of new renewable capacity planned for North America. The company has an additional 10,000 MW of wind and solar projects in its broader development pipeline in the U.S. and Canada.

“Procuring more renewable energy helps transform our operations, but when we pair that with Microsoft’s leading cloud and AI tools, we can transform the world,” said Carlo Purassanta, area vice president, Microsoft France. “This agreement with ENGIE is an exciting step toward a low-carbon future, driven by capital investments and enabled by data.”

About ENGIE

We are a leading world group that provides low-carbon energy and services. To tackle the climate emergency facing us all, our aim is to become the world leader in the zero-carbon energy transition “as a service” for our customers. We use our expertise in our key business areas (renewables, gas, services) to provide competitive and bespoke solutions. With our 160,000 employees, our clients, our partners, and our stakeholders, together we form a community of imaginative builders, striving every day to bring about a more harmonious form of progress. www.engie.com The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance).

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

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Microsoft announces quarterly dividend increase and new share repurchase program – Stories

Annual shareholders meeting set for Dec. 4, 2019

REDMOND, Wash. — Sept. 18, 2019 — Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.51 per share, reflecting a 5 cent or 11% increase over the previous quarter’s dividend. The dividend is payable Dec. 12, 2019, to shareholders of record on Nov. 21, 2019. The ex-dividend date will be Nov. 20, 2019.

The board of directors also approved a new share repurchase program authorizing up to $40 billion in share repurchases. The new share repurchase program, which has no expiration date, may be terminated at any time.

In addition, the company announced the date for the 2019 Annual Shareholders Meeting, to be held on Dec. 4, 2019. Shareholders at the close of business on Oct. 8, 2019, the record date, will be entitled to vote their shares.

This year’s annual shareholders meeting will be held virtually and hosted by Satya Nadella, chief executive officer; Amy Hood, chief financial officer; Brad Smith, president and chief legal officer; and John W. Thompson, Microsoft independent board chair. A virtual meeting format provides a consistent experience to all shareholders regardless of location, as well as the opportunity for global, multilingual and interactive access to a dialogue with its senior executives and directors.

As with previous shareholders meetings, a business update from senior executives will be followed by a 30-minute question and answer session with shareholders. Microsoft’s board of directors will also attend the meeting to hear shareholders’ questions and feedback. More information about the virtual format can be found on the Microsoft On the Issues blog.

In addition to providing the live webcast of the annual meeting, shareholders will have the option to view the annual meeting through Microsoft Teams at www.microsoft.com/investor. As with previous meetings, the transcript with video and audio of the entire meeting will be available on the Microsoft Investor Relations website following the meeting.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, financial analysts and investors only:

Investor Relations, Microsoft, (425) 706-4400

For more information, press only:

Microsoft Media Relations, WE Communications, (425) 638-7777, [email protected]

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers, and titles were correct at time of publication, but may since have changed. Shareholder and financial information is available at http://www.microsoft.com/en-us/investor.

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Nectar launches Customer Experience Assurance platform

Nectar Services Corp. recently launched Nectar Customer Experience Assurance, a customer experience testing and monitoring platform for contact center and interactive voice response team, promising to eliminate the need for legacy network monitoring platforms.

Nectar said Customer Experience Assurance offers a range of capabilities, including auto-discovery, voice recognition and simulation, dynamic call automation and load testing. These features enable contact center DevOps teams to test and discover network issues in a timely manner and to save time when launching new platforms or making configuration changes.

Nectar’s Customer Experience Assurance also offers perpetual monitoring that performs testing in regular intervals to monitor platforms for service availability and configuration changes, the company said. This enables contact center management teams to alert and carry out historical reporting based on factors affecting customer experience (CX) metrics such as service availability, functionality and call quality.

Nectar CX Assurance includes the following features:

  • Auto discovery enables reverse-engineering of calls flows that speed up interactive voice response (IVR) and provides accurate and timely customer experience monitoring. 
  • Real-time alerting notifies companies via email and/or text when issues are identified.
  • Voice automation provides text-to-speech and speech recognition that, in combination with call recording, enable a high level quality control and monitoring.  
  • Voice quality scoring identifies clicks and noises, artifacts, intermittent gaps and jitter due to packet loss in audio during playback.

Nectar said Customer Experience Assurance is the first product to apply its experience in unified communications (UC) monitoring, diagnostics and reporting to the contact center environment. It is built upon Nectar’s core products, network and endpoint operations for UC and provides cloud-based CX testing for enterprise contact center and IVR operations.

In the CX monitoring market, Nectar competes with Oracle, Clarabridge and Integrated Research, known as IR. Oracle CX Cloud Suite offers a full set of applications from marketing to sales, and commerce to service. Clarabridge’s product stresses AI technology that provides audio transcription of agent-customer interactions, along with sentiment, tone and voice analysis for customer service conversations. IR’s Prognosis for Contact Center offers complete contact center ecosystem from Cisco and Avaya, and the underlying UC systems with one platform.

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HiQ Labs vs LinkedIn case OKs robot monitoring of employees

HiQ Labs Inc. has built a business of scraping and analyzing public data on LinkedIn Corp., a business networking site owned by Microsoft. LinkedIn wanted HiQ to stop, and the two ended up in federal court.

So far, LinkedIn is losing. The U.S. Court of Appeals in the Northern District of California ruled this week that San Francisco-based HiQ can keep using its software bots to collect that data. But even if LinkedIn drops its court effort, the issue is far from settled

LinkedIn data is public, and anyone can view it. The lawsuit raises concerns about the use of software bots to automate social media monitoring. HiQ can watch for profile changes through the bots, which have gained interest from the HR community. One of its tools, Keeper, can identify employees who are a potential flight risk. HR users of the service learn of flight risk through individual risk scores.

The appeals court reaffirmed that public data on LinkedIn is not private. “There is little evidence that LinkedIn users who choose to make their profiles public actually maintain an expectation of privacy,” the court said. 

In a statement, LinkedIn said it is “disappointed in the court’s decision, and we are evaluating our options following this appeal.” It also said that it “will continue to fight to protect our members and the information they entrust to LinkedIn.” HiQ declined to comment.

What’s wholly public — and what isn’t

LinkedIn told the court that the data scraping is done without the consent of its members and is a violation of the Computer Fraud and Abuse Act (CFAA), an anti-hacking law. HiQ argued the information was “wholly public” and accessible to anyone.

What authority and authorization powers should be left to the owners of the data?
Shain KhoshbinAttorney, Munck Wilson Mandala, LLP

Shain Khoshbin, an attorney at Munck Wilson Mandala, LLP in Dallas, described the court’s decision as troubling. He used a physical locker as an analogy to explain why. A person could look through a locker’s vents “take pictures of its contents, and analyze and sell some version of that information to others — arguably whether or not the locker has a padlock, and even if the locker’s owner sends a cease and desist letter saying stop it.”

The owner of the contents of this locker “has no serious privacy expectation as to the contents of the locker,” Khoshbin said.

What seems lost in all the court decisions, “is what authority and authorization powers should be left to the owners of the data?” Khoshbin said.

It’s privacy vs freedom 

The case has split the opinion of Internet advocacy groups. The Electronic Privacy Information Center (EPIC) filed a brief arguing that the lower court erred. “Regrettably, the lower court discounted the privacy interests of users and required LinkedIn to make the personal data of LinkedIn users available to data aggregators for whatever purpose they wish. That cannot be correct.”

But the Electronic Frontier Foundation, which also filed a brief, is pleased with the outcome. It said the CFAA law was designed to target people who hack into a computer. Allowing the LinkedIn position to prevail would give precedent for any website to bar any software bot, a move that would hurt journalists, researchers and others.

LinkedIn has the technology to stop automated software bots from collecting its member data. It has instructions in its “robots.txt” file to prohibit access to its servers via automated bots, except for the ones it wants, such as the Google search engine, which has permission from LinkedIn. Robots.txt is used to determine what bots can crawl a site. LinkedIn also had security tools to stop software bots. HiQ was fighting to keep LinkedIn from blocking access of its bots to LinkedIn’s public information.

Protecting an information monopoly

Bryan Harper, manager of Schellman & Company, LLC, a global independent security and privacy compliance assessor in Tampa, Fla., said the ruling doesn’t change the ability of firms to protect themselves.

“In practical terms, companies basically continue business as usual,” Harper said. “If there is a malicious actor or a threat event that is captured by a monitoring tool, then a company should and has a duty to respond with their standard incident response procedures.” 

But “companies should not selectively target those scraping efforts simply to protect an information monopoly,” Harper said. It’s also impractical to block all bots, he said.

The takeaway is “you can’t target competitors” if the services rely on public data that isn’t considered private by its users, Harper said.

Still, the issues may be flushed out with other lawsuits, “since this appeal involved an interim ruling on a preliminary injunction,” Khoshbin said.

The appeals court made it clear that even if the CFAA does not apply, entities that view themselves as victims may still be able to raise claims under state laws, copyright infringement, misappropriation, unjust enrichment or breach of privacy, among other avenues, according to Khoshbin.

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Microsoft announces quarterly dividend increase – Stories

Annual shareholders meeting set for Nov. 28, 2018

REDMOND, Wash. — Sept. 18, 2018 — Microsoft Corp. on Tuesday announced that its board of directors declared a quarterly dividend of $0.46 per share, reflecting a 4 cent or 9.5 percent increase over the previous quarter’s dividend. The dividend is payable Dec. 13, 2018, to shareholders of record on Nov. 15, 2018. The ex-dividend date will be Nov. 14, 2018.

In addition, the company announced the date for the 2018 Annual Shareholders Meeting, to be held Nov. 28, 2018. Shareholders at the close of business on Sept. 26, 2018, the record date, will be entitled to vote at the Annual Shareholders Meeting.

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, financial analysts and investors only:

Investor Relations, Microsoft, (425) 706-4400

For more information, press only:

Microsoft Media Relations, WE Communications, (425) 638-7777, [email protected]

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers, and titles were correct at time of publication, but may since have changed. Shareholder and financial information is available at http://www.microsoft.com/en-us/investor.

National FFA Organization and Microsoft announce initiative to bring transformational innovation to over 650,000 students nationwide – Stories

FARGO, N.D., and REDMOND, Wash. — July 26, 2018 — The National FFA Organization and Microsoft Corp., on Thursday announced their collaboration to bring innovative technology, science, research and entrepreneurship to the classrooms of the more than 650,000 FFA student members nationwide through an initiative known as Blue 365.

FFA logoFFA members are the future of the food industry, which is relying on this generation to meet unparalleled challenges to feed a growing world population. In a modern world where the food and agriculture industries are reliant on precision agriculture, big data, cloud technology, robotic systems, advanced communications and other sophisticated technologies, Blue 365 will serve as a catalyst for evolving sustainability, innovative efficiency and preparing the future leaders who will solve the world’s critical agricultural challenges. At an event in Fargo today, National FFA CEO Mark Poeschl and Microsoft’s Brad Smith and Mary Snapp were joined by North Dakota Governor Doug Burgum, USDA State Director Clare Carlson, and North Dakota State FFA President Brianna Maddock.

“Today’s FFA members are our future industry leaders,” Poeschl said. “The future relies on connecting diversity of innovational approach, solutions-orientation and cutting-edge technology. We are excited that Microsoft shares our vision of Blue 365. Through agricultural education and FFA, our members are evolving their skill sets for the 21st century demands; they will be the change in our industry. Blue 365 can be the spark needed to create the next big idea in agriculture.”

Blue 365 will be unveiled in Indianapolis, Indiana, this October at the 91st National FFA Convention & Expo, the nation’s largest student convention. With the vision and commitment of title sponsors Microsoft and AgriNovus Indiana, The Blue Room, a 17,000-square-foot interactive space, will showcase the cutting-edge technology, research and innovation happening across the spectrum. Through experiential learning and specific focus on the most critical challenges facing our communities — from respecting the planet to the urgent matter of feeding the world — The Blue Room experience serves to inspire and equip students to activate their potential.

“While digital technology is transforming every part of the American economy, not everyone is acquiring the skills to thrive,” said Brad Smith, president, Microsoft. “As a company, we’re focused on ensuring everyone, regardless of their geography or circumstance, has access to the digital skills they need to compete and prosper. And our partnership with the National FFA will expand this work, helping students across the country prepare for digital jobs and the farms of the future.”

Microsoft’s participation in Blue 365 is part of its commitment to helping people who may be impacted by technological advances and builds on its TechSpark initiative launched last year. TechSpark is a civic program fostering greater opportunity and job creation in smaller metropolitan areas. The initiative is in six regions, including in North Dakota, and focuses on five program areas: digital transformation, digital skills and computer science education, career pathways, rural broadband connectivity, and support for nonprofits.

“Technology is changing every job, every industry and every organization, and agriculture is no exception,” Burgum said. “Today’s announcement from Microsoft and FFA will provide a valuable tool for our educators as they work to equip students with the skills necessary to succeed in a 21st century economy. Given FFA’s long and storied history in North Dakota and Microsoft’s commitment to investing in the future of our young people, Blue 365’s potential to support student learning is undeniable.”

“FFA students across America will lead the food and agriculture industry into the future. They must have opportunities to integrate digital skills into both their classroom studies and project-based learning,” said Mary Snapp, corporate vice president and lead for Microsoft Philanthropies. “Our partnership will help ensure that curriculum is up to date so that these young leaders can use technology to drive innovation in farms of the future, sustain and renew our planet, and enrich their communities.

The National FFA Organization provides leadership, personal growth and career success training through agricultural education to 653,359 student members who belong to one of 8,568 local FFA chapters throughout the U.S., Puerto Rico and the U.S. Virgin Islands.

About National FFA Organization

The National FFA Organization is a national youth organization of 653,359 student members as part of 8,568 local FFA chapters in all 50 states, Puerto Rico and the U.S. Virgin Islands. The FFA mission is to make a positive difference in the lives of students by developing their potential for premier leadership, personal growth and career success through agricultural education. The National FFA Organization operates under a federal charter granted by the 81st United States Congress and it is an integral part of public instruction in agriculture. The U.S. Department of Education provides leadership and helps set direction for FFA as a service to state and local agricultural education programs. For more, visit the National FFA Organization online at FFA.org and on Facebook, Twitter and the official National FFA Organization blog.

About National FFA Foundation

The National FFA Foundation builds partnerships with industry, education, government, other foundations and individuals to secure financial resources that recognize FFA member achievements, develop student leaders and support the future of agricultural education. Governed by a 19-member board of trustees composed of educators, business leaders, individual donors and FFA Alumni, the foundation is a separately registered nonprofit organization. About 82 percent of every dollar received by the foundation supports FFA members and agricultural education opportunities. For more, visit FFA.org/Give.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777,

[email protected]

Kristy Meyer, National FFA Organization, (800) 293-2387, [email protected]

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://news.microsoft.com/microsoft-public-relations-contacts.

Microsoft Cloud drives record fourth quarter results | Stories

REDMOND, Wash. — July 19, 2018 — Microsoft Corp. today announced the following results for the quarter ended June 30, 2018, as compared to the corresponding period of last fiscal year:

  • Revenue was $30.1 billion and increased 17%
  • Operating income was $10.4 billion and increased 35%
  • Net income was $8.9 billion GAAP and $8.8 billion non-GAAP
  • Diluted earnings per share was $1.14 GAAP and $1.13 non-GAAP

“We had an incredible year, surpassing $100 billion in revenue as a result of our teams’ relentless focus on customer success and the trust customers are placing in Microsoft,” said Satya Nadella, chief executive officer of Microsoft. “Our early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation.”

The following table reconciles our financial results reported in accordance with generally accepted accounting principles (GAAP) to non-GAAP financial results. Additional information regarding our non-GAAP definition is provided below. 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 Operating Income Net Income Diluted Earnings per Share
2017 As Reported (GAAP) $25,605 $7,682 $8,069 $1.03
  Restructuring Expenses 306 243 0.03
2017 As Adjusted (non-GAAP) $25,605 $7,988 $8,312 $1.06
2018 As Reported (GAAP) $30,085 $10,379 $8,873 $1.14
  Net TCJA Impact (104) (0.01)
2018 As Adjusted (non-GAAP) $30,085 $10,379 $8,769 $1.13
Percentage Change Y/Y (GAAP) 17% 35% 10% 11%
Percentage Change Y/Y (non-GAAP) 17% 30% 5% 7%
Percentage Change Y/Y (non-GAAP) Constant Currency 15% 24% 2% 3%

GAAP results include a net benefit of $104 million related to the Tax Cuts and Jobs Act (TCJA) for the three months ended June 30, 2018 and a charge of $306 million related to restructuring expenses for the three months ended June 30, 2017, which are excluded from our non-GAAP results.

Microsoft returned $5.3 billion to shareholders in the form of dividends and share repurchases in the fourth quarter of fiscal year 2018, an increase of 16% compared to the fourth quarter of fiscal year 2017.

“Exceptional sales execution delivered double-digit revenue growth across all segments and strong progress against our strategic priorities, anchored by commercial cloud revenue growing 53% year-over-year to $6.9 billion,” said Amy Hood, executive vice president and chief financial officer of Microsoft.

Revenue in Productivity and Business Processes was $9.7 billion and increased 13% (up 10% in constant currency), with the following business highlights:

  • Office commercial products and cloud services revenue increased 10% (up 8% in constant currency) driven by Office 365 commercial revenue growth of 38% (up 35% in constant currency)
  • Office consumer products and cloud services revenue increased 8% (up 6% in constant currency) and Office 365 consumer subscribers increased to 31.4 million
  • LinkedIn revenue increased 37% (up 34% in constant currency) with continued acceleration in engagement highlighted by LinkedIn sessions growth of 41%
  • Dynamics products and cloud services revenue increased 11% (up 8% in constant currency) driven by Dynamics 365 revenue growth of 61% (up 56% in constant currency)

Revenue in Intelligent Cloud was $9.6 billion and increased 23% (up 20% in constant currency), with the following business highlights:

  • Server products and cloud services revenue increased 26% (up 24% in constant currency) driven by Azure revenue growth of 89% (up 85% in constant currency)
  • Enterprise Services revenue increased 8% (up 7% in constant currency)

Revenue in More Personal Computing was $10.8 billion and increased 17% (up 16% in constant currency), with the following business highlights:

  • Windows OEM revenue increased 7% (up 7% in constant currency) driven by OEM Pro revenue growth of 14%
  • Windows commercial products and cloud services revenue increased 23% (up 19% in constant currency) driven by an increased volume of multi-year agreements and the mix of products that carry higher in-quarter revenue recognition
  • Gaming revenue increased 39% (up 38% in constant currency) with Xbox software and services revenue growth of 36% (up 35% in constant currency) mainly from third party title strength
  • Surface revenue increased 25% (up 21% in constant currency) driven by strong performance of the latest editions of Surface against a low prior year comparable
  • Search advertising revenue excluding traffic acquisition costs increased 17% (up 16% in constant currency) driven by higher revenue per search and search volume

Fiscal Year 2018 Results

Microsoft Corp. today announced the following results for the fiscal year ended June 30, 2018, as compared to the corresponding period of last fiscal year:

  • Revenue was $110.4 billion and increased 14%
  • Operating income was $35.1 billion and increased 21%
  • Net income was $16.6 billion GAAP and $30.3 billion non-GAAP
  • Diluted earnings per share was $2.13 GAAP and $3.88 non-GAAP
  • GAAP results include a $13.7 billion net charge related to TCJA

The following table reconciles our financial results reported in accordance with GAAP to non-GAAP financial results. Additional information regarding our non-GAAP definition is provided below. All growth comparisons relate to the corresponding period in the last fiscal year.

Twelve Months Ended June 30,
 ($ in millions, except per share amounts) Revenue Operating Income Net Income Diluted Earnings per Share
2017 As Reported (GAAP) $96,571 $29,025 $25,489 $3.25
  Restructuring Expenses 306 243 0.04
2017 As Adjusted (non-GAAP) $96,571 $29,331 $25,732 $3.29
2018 As Reported (GAAP) $110,360 $35,058 $16,571 $2.13
  Net TCJA Impact 13,696 1.75
2018 As Adjusted (non-GAAP) $110,360 $35,058 $30,267 $3.88
Percentage Change Y/Y (GAAP) 14% 21% (35)% (34)%
Percentage Change Y/Y (non-GAAP) 14% 20% 18% 18%
Percentage Change Y/Y (non-GAAP) Constant Currency 13% 17% 15% 16%

GAAP results include a net charge of $13.7 billion related to TCJA for the twelve months ended June 30, 2018 and a charge of $306 million related to restructuring expenses for the twelve months ended June 30, 2017, which are excluded from our non-GAAP results.

Business Outlook

Microsoft will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast.

Webcast Details

Satya Nadella, chief executive officer, Amy Hood, executive vice president and chief financial officer, Frank Brod, chief accounting officer, Carolyn Frantz, deputy general counsel and corporate secretary, and Michael Spencer, general manager of investor relations, will host a conference call and webcast at 2:30 p.m. Pacific time (5:30 p.m. Eastern time) today to discuss details of the company’s performance for the quarter and certain forward-looking information. The session may be accessed at http://www.microsoft.com/en-us/investor. The webcast will be available for replay through the close of business on July 19, 2019.

New Accounting Standards

We adopted new accounting standards related to revenue recognition and leases effective July 1, 2017. The prior periods presented here have been restated to reflect adoption of these new standards.

Non-GAAP Definition

Restructuring Expenses. We recorded $306 million of restructuring charges primarily related to our sales and marketing restructuring plan during the three months ended June 30, 2017.

TCJA Impact. We recorded a benefit of $104 million during the three months ended June 30, 2018 and a net charge of $13.7 billion during the twelve months ended June 30, 2018 related to TCJA. As of June 30, 2018, we have not completed our accounting for the tax effects of TCJA. Our net charge is provisional based on reasonable estimates for those tax effects. Changes to these estimates or new guidance issued by regulators may materially impact our provision for income taxes and effective tax rate in the period in which the adjustments are made. Our accounting for the tax effects of TCJA will be completed during the measurement period, which should not extend beyond the second fiscal quarter of 2019.

We have provided non-GAAP financial measures related to restructuring expenses and TCJA to aid investors in better understanding our performance. We believe these non-GAAP measures aid investors by providing additional insight into our operational performance and help clarify trends affecting our business. For comparability of reporting, management considers non-GAAP measures in conjunction with GAAP financial results in evaluating business performance. The non-GAAP financial measures presented in this release should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.

Constant Currency

Microsoft presents constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the respective periods. All growth comparisons relate to the corresponding period in the last fiscal year. Microsoft has provided this non-GAAP financial information to aid investors in better understanding our performance. The non-GAAP financial measures presented in this release should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. 

Financial Performance Constant Currency Reconciliation

Three Months Ended June 30,
 ($ in millions, except per share amounts) Revenue Operating Income Net Income Diluted Earnings per Share
2017 As Reported (GAAP) $25,605 $7,682 $8,069 $1.03
2017 As Adjusted (non-GAAP) $25,605 $7,988 $8,312 $1.06
2018 As Reported (GAAP) $30,085 $10,379 $8,873 $1.14
2018 As Adjusted (non-GAAP) $30,085 $10,379 $8,769 $1.13
Percentage Change Y/Y (GAAP) 17% 35% 10% 11%
Percentage Change Y/Y (non-GAAP) 17% 30% 5% 7%
Constant Currency Impact $549 $450 $279 $0.04
Percentage Change Y/Y (non-GAAP) Constant Currency 15% 24% 2% 3%

 

Twelve Months Ended June 30,
 ($ in millions, except per share amounts) Revenue Operating Income Net Income Diluted Earnings per Share
2017 As Reported (GAAP) $96,571 $29,025 $25,489 $3.25
2017 As Adjusted (non-GAAP) $96,571 $29,331 $25,732 $3.29
2018 As Reported (GAAP) $110,360 $35,058 $16,571 $2.13
2018 As Adjusted (non-GAAP) $110,360 $35,058 $30,267 $3.88
Percentage Change Y/Y (GAAP) 14% 21% (35)% (34)%
Percentage Change Y/Y (non-GAAP) 14% 20% 18% 18%
Constant Currency Impact 1,275 654 569 $0.07
Percentage Change Y/Y (non-GAAP) Constant Currency 13% 17% 15% 16%

 Segment Revenue Constant Currency Reconciliation

Three Months Ended June 30,
 ($ in millions) Productivity and Business Processes Intelligent Cloud More Personal Computing
2017 As Reported $8,548 $7,822 $9,235
2018 As Reported $9,668 $9,606 $10,811
Percentage Change Y/Y 13% 23% 17%
Constant Currency Impact $228 $182 $139
Percentage Change Y/Y Constant Currency 10% 20% 16%

 Selected Product and Service Revenue Constant Currency Reconciliation 

Three Months Ended June 30, 2018
Percentage Change Y/Y (GAAP) Constant Currency Impact Percentage Change Y/Y Constant Currency
Office commercial products and cloud services 10% (2)% 8%
Office 365 commercial 38% (3)% 35%
Office consumer products and cloud services 8% (2)% 6%
LinkedIn 37% (3)% 34%
Dynamics products and cloud services 11% (3)% 8%
Dynamics 365 61% (5)% 56%
Server products and cloud services 26% (2)% 24%
Azure 89% (4)% 85%
Enterprise Services 8% (1)% 7%
Windows OEM 7% 0% 7%
Windows commercial products and cloud services 23% (4)% 19%
Search advertising excluding traffic acquisition costs 17% (1)% 16%
Surface 25% (4)% 21%
Gaming 39% (1)% 38%
Xbox software and services 36% (1)% 35%

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. 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 our markets that may lead to lower revenue or operating margins;
  • increasing focus on cloud-based services presenting execution and competitive risks;
  • significant investments in new products and services that may not achieve expected returns;
  • acquisitions, joint ventures, and strategic alliances that may have an adverse effect on our business;
  • impairment of goodwill or amortizable intangible assets causing a significant charge to earnings;
  • a change in our ability to earn expected revenues from our intellectual property rights;
  • claims that Microsoft has infringed the intellectual property rights of others;
  • the possibility that we may fail to protect our source code;
  • cyberattacks and security vulnerabilities that could lead to reduced revenue, increased costs, liability claims, or harm to our reputation or competitive position;
  • disclosure and misuse of personal data that could cause liability and harm to our reputation;
  • the possibility that we may not be able to protect information stored in our products and services from use by others;
  • abuse of our advertising or social platforms that may harm our reputation or user engagement;
  • excessive outages, data losses, and disruptions of our online services if we fail to maintain an adequate operations infrastructure;
  • government litigation and regulatory activity relating to competition rules that may limit how we design and market our products;
  • potential liability under trade protection, anti-corruption, and other laws resulting from our global operations;
  • laws and regulations relating to the handling of personal data that may impede the adoption of our services or result in increased costs, legal claims, fines, or reputational damage;
  • the dependence of our business on our ability to attract and retain talented employees;
  • claims against us that may result in adverse outcomes in legal disputes;
  • additional tax liabilities;
  • quality or supply problems;
  • exposure to increased economic and operational uncertainties from operating a global business, including the effects of foreign currency exchange;
  • catastrophic events or geo-political conditions that may disrupt our business;
  • adverse economic or market conditions that may harm our business;
  • changes in our sales organization that may impact revenues;
  • the development of the internet of things presenting security, privacy, and execution risks;
  • issues about the use of artificial intelligence in our offerings that may result in competitive harm, legal liability, or reputational harm; and
  • damage to our reputation or our brands that may harm our business and operating results.

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/en-us/investor.

All information in this release is as of June 30, 2018. 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.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, [email protected]

For more information, financial analysts and investors only:

Michael Spencer, general manager, Investor Relations, (425) 706-4400

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers, and titles were correct at time of publication, but may since have changed. Shareholder and financial information, as well as today’s 2:30 p.m. Pacific time conference call with investors and analysts, is available at http://www.microsoft.com/en-us/investor.

Microsoft announces partnership with Campbell to drive IT transformation on Azure | Stories

REDMOND, Wash. — July 16, 2018 — On Monday, Microsoft Corp. and Campbell Soup Co. announced a partnership to modernize Campbell’s information technology (IT) platform through the Azure cloud by streamlining workflows and driving efficiencies.

The migration to Azure is designed to improve the responsiveness of Campbell’s IT infrastructure, enabling it to be faster and more agile. Azure will provide Campbell with a global, hybrid cloud solution that will deliver new capabilities and provide near-real-time access to information and insights that will inform business decisions. The platform will streamline operations across the enterprise and provide additional flexibility for Campbell employees through customized reporting and analytics.

“Campbell’s migration to Azure will increase our flexibility, agility and resiliency,” said Francisco Fraga, CIO, Campbell Soup. “Azure will give us the ability to respond quickly to evolving business needs, introduce new solutions, and support our 24/7, always-on architecture. The Microsoft cloud is a proven, reliable and highly secure platform.”

“We are honored that Campbell chose to modernize its IT platforms and evolve its digital strategies with Azure,” said Judson Althoff, executive vice president, Worldwide Commercial Business, Microsoft. “We are looking forward to working with Campbell as it transitions to the cloud, helping them optimize operations, extract insights from data and advance their business.”

The Microsoft solution will provide additional benefits, including increased security, compliance and information protection. The move to Azure will allow Campbell to re-architect its data warehousing capabilities to be able to support the company’s data and analytics needs.

About Campbell Soup Company

Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food that matters for life’s moments.” We make a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods. For generations, people have trusted Campbell to provide authentic, flavorful and readily available foods and beverages that connect them to each other, to warm memories and to what’s important today. Led by our iconic Campbell’s brand, our portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk, KjeldsensGarden Fresh Gourmet, Pacific Foods, Snyder’s of Hanover, Lance, Kettle Brand, KETTLE Chips, Cape Cod, Snack Factory Pretzel Crisps, Pop Secret, Emerald, Late July and other brand names. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. The company is a member of the Standard and Poor’s 500 and the Dow Jones Sustainability Indexes. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. To learn more about how we make our food and the choices behind the ingredients we use, visit www.whatsinmyfood.com.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, [email protected]

Medius Media Relations for The Campbell Soup Company, Fredrik André, VP Global Marketing, +46 709 23 93 81, [email protected]

The Campbell Soup Company media relations contact: Corporate Communications, (800) 257-8443

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://news.microsoft.com/microsoft-public-relations-contacts.

Microsoft announces design and construction teams for Redmond campus modernization | Stories

REDMOND, Wash. — July 3, 2018 On Tuesday, Microsoft Corp. announced the consortium of architects and general contractors it has selected to work together to design and build almost 3 million square feet of new workspace on 72 acres of its Redmond campus. This is part of a multiyear campus modernization project announced in 2017, which will create new office space, public amenities and infrastructure.

The team includes architecture firms LMN, NBBJ, WRNS Studio and ZGF Architects; general contractors Skanska, Balfour Beatty, GLY and Sellen; and lead landscape architect Berger Partnership with OLIN. Project management for the redevelopment was awarded to CBRE, JLL and OAC Services Inc. Construction of the new buildings is expected to commence later this year and be completed in 2022.

“Our new campus will be more open and modern, focused on sustainability, connectedness and accessibility. The workplaces will feature more natural light and foster the type of creativity that will lead to ongoing innovation, advance the industry and benefit our customers,” said Rob Towne, regional director of Puget Sound, Global Real Estate & Facilities at Microsoft. “The firms we selected for this project will bring our vision to life.”

An overarching goal of the campus modernization is creating a healthy, inspiring workplace that supports the needs of Microsoft employees. The project will include:

  • 18 new buildings, ranging from 180,000 to 220,000 square feet, clustered into four distinct villages that will be blended together to create a unified campus.
  • Accessibility features to enhance mobility and ease of access for all employees.
  • Buildings that are four to five stories in height, encouraging physical activity and interaction between employees.
  • Spacious atriums and courtyards for improved daylighting and direct connections to the outdoors.
  • Thoughtful sustainable design strategies to support the symbiosis of people and place, while respecting the unique ecology of the region.
  • Fronting 156th Avenue Northeast, the primary corridor of access to East Campus, a future gateway to serve those arriving via Sound Transit’s Redmond Technology Center light rail station. It will also welcome arrivals from a pedestrian-and-cyclist-only bridge over State Route 520, which will connect to the west campus.
  • To emphasize the importance of health, movement and easy access to a variety of amenities, the campus will be organized around the experience of pedestrians and cyclists. Vehicular traffic — including drop-off and parking areas — will be relegated to the campus periphery and underground structured parking.

For more information, visit https://news.microsoft.com/modern-campus/.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:

Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777,

[email protected]