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It impacts how we run the company, how we develop new experiences, and how we take products to market for both consumers and businesses. This is a significant shift, both in what we do and how we see ourselves - as a devices and services company.
MICROSOFT OFFICE 2018 WALMART FULL
Last year in this letter I said that over time, the full value of our software will be seen and felt in how people use devices and services at work and in their personal lives. To best understand what we are about to deliver and what we're building toward, it's important to recognize a fundamental shift underway in our business and the areas of technology that we believe will drive the greatest opportunity in the future. We delivered these results while preparing a pipeline of new and updated products that will launch in the year ahead. In addition, we returned $10.7 billion to shareholders through stock buybacks and dividends. We also maintained strong cost discipline resulting in cash flow from operations of $31.6 billion, an increase of 17 percent from the prior year. Last year was a big year - we delivered strong results, launched fantastic new products and services, and positioned Microsoft for an incredible future.įor fiscal year 2012, revenue grew to a record $73.7 billion. Shareholder Letter TO OUR SHAREHOLDERS, CUSTOMERS, PARTNERS AND EMPLOYEES: