微软Microsoft Corporation（MSFT） 2017年年度报告「NASDAQ」.pdf

1、 1 Dear shareholders,customers,partners and employees:Thank you for your support and investment in Microsoft.Were proud of our progress this year,and we are eager to make even more progress in the year ahead.We continue to be guided by our mission to empower every person and every organization on th

2、e planet to achieve more.The breadth and depth of our mission unlocks unprecedented opportunity as technology transforms every industry and has the power to make a difference in the lives of everyone.We strive to create local opportunity,growth and impact in every community and country around the wo

3、rld.Our platforms and tools enable creativity in all of us,and help drive small-business productivity,large business competitiveness and public-sector efficiency.They also support new startups,improve educational and health outcomes,and empower human ingenuity.Our sense of purpose lies in our custom

4、ers success.Now let me share more about what we delivered in fiscal 2017 for our shareholders,our customers and partners,and for the communities in which we operate throughout the world.PROGRESS AND OUR RESULTS We delivered$90.0 billion in revenue and$22.3 billion in operating income this past fisca

5、l year.Adjusting for Windows 10 revenue deferrals and restructuring expenses,revenue was$96.7 billion with$29.3 billion in operating income.We continued to invest in innovation and expand our market opportunities,while maintaining our commitment to shareholder return,which included total cash return

6、 of$22.3 billion this year.Our commercial cloud annualized revenue run rate ended the year exceeding$18.9 billion,up more than 56 percent year-over-year.Our cloud growth puts us squarely on track to reach the goal we set a little over two years ago of$20 billion in commercial cloud annualized revenu