Earnings Release FY24 Q2

Investor Metrics

Investor Metrics
(in millions, except for percentages and where otherwise noted)	Q223	Q323	Q423	FY23	Q124	Q224
Commercial (Includes commercial portion of LinkedIn)
Commercial bookings growth (y/y)*	7% / 4%	11% / 12%	-2% / -1%	3%	14% / 17%	17% / 9%
Commercial remaining performance obligation (in billions)	$189	$196	$224	$224	$212	$222
Commercial revenue annuity mix	96%	96%	97%	96%	96%	96%
Microsoft Cloud revenue (in billions)	$27.1	$28.5	$30.3	$111.6	$31.8	$33.7
Microsoft Cloud revenue growth (y/y)*	22% / 29%	22% / 25%	21% / 23%	22%	24% / 23%	24% / 22%
Microsoft Cloud gross margin percentage	72%	72%	72%	72%	73%	72%
Productivity & Business Processes and Intelligent Cloud
Office Commercial products and cloud services revenue growth (y/y)*	7% / 14%	13% / 17%	12% / 14%	10%	15% / 14%	15% / 13%
Office Consumer products and cloud services revenue growth (y/y)*	-2% / 3%	1% / 4%	3% / 6%	2%	3% / 4%	5% / 4%
Office 365 Commercial seat growth (y/y)	12%	11%	11%	11%	10%	9%
Microsoft 365 Consumer subscribers	67.7	70.8	74.9	74.9	76.7	78.4
Dynamics products and cloud services revenue growth (y/y)*	13% / 20%	17% / 21%	19% / 21%	16%	22% / 21%	21% / 19%
LinkedIn revenue growth (y/y)*	10% / 14%	8% / 11%	6% / 8%	10%	8% / 8%	9% / 8%
Server products and cloud services revenue growth (y/y)*	20% / 26%	17% / 21%	17% / 18%	19%	21% /21%	22% / 20%
More Personal Computing
Windows OEM revenue growth (y/y)	-39%	-28%	-12%	-25%	4%	11%
Windows Commercial products and cloud services revenue growth (y/y)*	-3% / 3%	14% / 18%	2% / 3%	5%	8% / 8%	9% / 7%
Devices revenue growth (y/y)*	-39% / -34%	-30% / -26%	-20% / -18%	-24%	-22% / -22%	-9% / -10%
Xbox content and services revenue growth (y/y)*	-12% / -8%	3% / 5%	5% / 6%	-3%	13% / 12%	61% / 60%
Search and news advertising revenue (ex TAC) growth (y/y)*	11% / 15%	11% / 13%	8% / 9%	11%	10% / 9%	8% / 7%

* Includes non-GAAP constant currency growth (GAAP% / Constant Currency%)

Certain amounts have been rounded for presentation purposes

Reconciliation of GAAP and non-GAAP financial measures are available in the Earnings Release Slides (http://aka.ms/slidesfy24q2)

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