NDS has been included in our consolidated results of operations starting on the acquisition date.
We must anticipate changes in technology and business models.
The foundation for these efforts will rest on advancing our leading productivity, collaboration, and business process tools including Skype, OneDrive, OneNote, Outlook, Word, Excel, PowerPoint, Bing, and Dynamics.
Commercial (In millions, except percentages) Percentage Change 20 Percentage Change 20 Revenue Licensing 41,039 42,085 39,778 (2) 6 Other 10,836 7,546 5, Total Commercial revenue 51,875 49,631 45,439 5 9 Gross Margin Licensing 37,830 38,615 36,280 (2) 6 Other 4,199 1, Total Commercial gross margin.
Cost of revenue increased.8 billion or 49, primarily reflecting higher volumes of Xbox 360 consoles and Kinect for Xbox 360 sold, and increased royalty costs resulting from increased sales of Xbox live digital content.Certain corporate-level activity has been excluded from segment operating results and is analyzed separately.D C gross margin decreased slightly, reflecting higher cost of revenue, offset in part by higher revenue.The declines in Windows OEM and Office Consumer revenue were partially offset by benefits realized from ending our support for Windows XP in April 2014.Mason Morfit 1,2 President, ValueAct Capital Satya Nadella Chief Executive Officer, Microsoft Corporation Charles.This creates an opportunity to reach new customers, and expand the usage of our services by our existing customers.We manage pet food discounters hours the securities relative to certain global and domestic indices and expect their economic risk and return to correlate with these indices.Our effective tax rates were lower than the.S.Subsidiaries which are permanently reinvested outside the.S.Online Although on-premises software continues to be an important part of our business, increasingly we are delivering additional value to customers through cloud-based services.We achieved product development milestones, implemented organizational changes, and made strategic and tactical moves to support the three central ambitions that support our strategy: reinventing productivity and business processes; building the intelligent cloud platform; and creating more personal computing.
For more about Microsofts corporate citizenship commitments and performance, please visit: m/citizenship).
Income Taxes The objectives of accounting for income taxes are to recognize the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in an entity's financial statements.
Going forward, I believe we will broaden our economic opportunity and return Windows to growth.
Mortgage-backed securities, all of which are denominated.S.The high and low common stock sales prices per share were as follows: Quarter Ended September 30 December 31 March 31 June 30 Fiscal Year Fiscal Year 2015 High.57.05.91.54.05 Low.05.10.23.12.12 Fiscal Year 2014 High.43.In the second half of fiscal year 2015, Phone Hardware did not meet its sales volume and revenue goals, and the mix of units sold had lower margins than planned.We spend far too much of our lives at work not to find deep meaning in what.Fair value is calculated based on publicly available market information or other estimates determined by management.Windows PC operating system revenue decreased 655 million in fiscal year 2014, while Microsoft Office system and server products and tools revenue increased.3 billion and.6 billion, respectively, during this same period.The contractual maturities of these agreements are primarily on a continuous and overnight basis.We are investing significant resources in: Delivering new productivity, entertainment, and business processes to improve how people communicate, collaborate, learn, work, play, and interact with one another.In the prior year, offset in part by a 25 reduction in display advertising revenue.Cost of revenue decreased 213 million, driven by lower Yahoo!