UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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www.microsoft.com/investor
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Item 7.01. Regulation FD Disclosure
On June 2, 2022, Microsoft Corporation updated our guidance for the quarter ending June 30, 2022 due to unfavorable foreign exchange rate movement in the quarter through May. A slide deck with our revised guidance is furnished as Exhibit 99.1 to this report.
This Form 8-K contains forward-looking statements, which are any predictions, projections or other statements about future events based on current expectations and assumptions that are subject to risks and uncertainties, which are described in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Microsoft undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.
In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
99.1 | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MICROSOFT CORPORATION | ||
(Registrant) | ||
Date: June 2, 2022 |
/S/ ALICE L. JOLLA | |
Alice L. Jolla | ||
Corporate Vice President and Chief Accounting Officer |
FY22 Q4 FX Update Through May June 2, 2022 Exhibit 99.1
Forward Looking Statements This presentation contains forward-looking statements, which are any predictions, projections, or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could materially differ because of factors discussed in the Risk Factors section and other sections of our Form 10-K, Forms 10-Q, and other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update forward-looking statements.
FY22 Q4 FX Update Through May FY22 Q4 FY22 Q3 ($ in billions, except per share amounts) Guidance Range Additional FX Impact Revised Guidance Range Low High Low High Productivity and Business Processes $16.65 $16.90 $(0.17) $16.48 $16.73 Intelligent Cloud $21.10 $21.35 $(0.18) $20.92 $21.17 More Personal Computing $14.65 $14.95 $(0.11) $14.54 $14.84 Revenue* $52.40 $53.20 $(0.46) $51.94 $52.74 Cost of revenue $16.60 $16.80 $(0.10) $16.50 $16.70 Gross margin* $35.80 $36.40 $(0.36) $35.45 $36.05 Operating expenses $14.90 $14.80 $(0.06) $14.84 $14.74 Operating income* $20.90 $21.60 $(0.30) $20.60 $21.30 Net income* $17.10 $17.67 $(0.25) $16.85 $17.43 Diluted earnings per share* $2.28 $2.35 $(0.03) $2.24 $2.32 * Calculated as no explicit guidance provided. Microsoft is providing the above table to help investors understand the impact of unfavorable foreign exchange rate movement in the fourth quarter of fiscal year 2022 since the forward-looking guidance provided on April 26, 2022. The additional FX impact is calculated through May 31, 2022, actual results for the full quarter may vary based on FX rate movement through June 30, 2022. Numbers may not foot due to rounding.
Microsoft