FY25 Q1 - Metrics - Investor Relations

Earnings Release FY25 Q1

Investor Metrics

Investor Metrics
(in millions, except for percentages and where otherwise noted)	Q124	Q224	Q324	Q424	FY24	Q125
Commercial (Includes commercial portion of LinkedIn)
Commercial bookings growth (y/y)*	14% / 17%	17% / 9%	29% / 31%	17% / 19%	20%	30% / 23%
Commercial remaining performance obligation (in billions)	$212	$222	$235	$269	$269	$259
Commercial revenue annuity mix	96%	96%	97%	97%	97%	98%
Microsoft Cloud revenue (in billions)	$31.9	$33.7	$35.2	$36.9	$137.7	$38.9
Microsoft Cloud revenue growth (y/y)*	24% / 23%	24% / 22%	24% / 23%	22% / 23%	23%	22% / 22%
Microsoft Cloud gross margin percentage	73%	72%	72%	70%	72%	71%
Productivity & Business Processes and Intelligent Cloud
Microsoft 365 Commercial cloud revenue growth (y/y)*	20% / 19%	20% / 18%	17% / 17%	15% / 16%	18%	15% / 16%
Microsoft 365 Commercial seat growth (y/y)	10%	9%	8%	7%	7%	8%
Microsoft 365 Consumer cloud revenue growth (y/y)*	8% / 9%	8% / 8%	8% / 8%	7% / 7%	8%	6% / 7%
Microsoft 365 Consumer subscribers	76.7	78.4	80.8	82.4	82.4	84.4
LinkedIn revenue growth (y/y)*	8% / 8%	9% / 8%	10% / 9%	10% / 9%	9%	10% / 9 %
Dynamics 365 revenue growth (y/y)*	27% / 26%	26% / 23%	22% / 21%	19% / 20%	23%	18% / 19%
Azure and other cloud services revenue growth (y/y)*	31% /30%	33% / 31%	35% / 35%	34% / 35%	33%	33% / 34%
More Personal Computing
Windows OEM and Devices revenue growth (y/y)*	-5% / -5%	4% / 4%	2% / 2%	-1% / 0%	0%	2% / 2%
Xbox content and services revenue growth (y/y)*	13% / 12%	61% / 60%	62% / 61%	61% / 61%	50%	61% / 61%
Search and news advertising revenue (ex TAC) growth (y/y)*	8% / 7%	6% / 4%	8% / 8%	15% / 16%	9%	18% / 19%

* 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/slidesfy25q1)

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