1、Annual Report 2016 1 Dear shareholders,customers,partners,and employees:Im proud of the progress weve made as a company this past year and excited about the opportunity for even more progress in the year ahead.Weve advanced our mission to empower every person and every organization on the planet to
2、achieve more.Weve continued to cultivate a Microsoft culture in which people connect their individual energies and passions for technology to this mission.Were leading profound digital transformation both for people and institutions.Weve achieved strong financial results.And were building a sturdy f
3、oundation for an even brighter future.We generated$85.3 billion in revenue,$52.5 billion in gross margin,and$20.2 billion in operating income this past fiscal year.Adjusting for Windows 10 revenue deferrals and impairment,integration and restructuring expenses,revenue was$92.0 billion with$27.9 bill
4、ion in operating income.Even as we invested in innovation and expanded geographically,we maintained our commitment to shareholder return and increased our total cash return to$26.1 billion,up 12 percent from last fiscal year.These results reflect exciting new product innovations as well as increases
5、 in customer usage and engagement across our businesses:Commercial cloud annualized revenue run rate exceeded$12.1 billion,up more than 50 percent year-over-year.More than 70 million people use Office 365 commercial every single month.Revenue from our cloud platform,Azure,grew triple digits,with usa
6、ge of key computing and database workloads more than doubling year-over-year.Windows 10 is now active on more than 400 million devices around the world and over 197 billion hours of usage.This is the fastest adoption rate of any prior Windows release.Bing has leveraged this incredible usage to becom