Microsoft F1Q10 (Qtr End 9/30/09) First Draft Earnings Call Transcript

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2009-10-23 07:00:20.0

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Earnings Call Excerpt

FIRST DRAFT TRANSCRIPT: As a service to our readers, Seeking Alpha is now releasing a 'quick first draft' version for high profile earnings call transcripts. We will update the quick draft as we have more accurate and / or complete text. We hope that you enjoy this new service!

Microsoft Corporation (MSFT)

F1Q10 Earnings Call

October 23, 2009 10:30 am ET

Executives

Bill Koefoed - General Manager, Investor Relations

Christopher P. Liddell - Chief Financial Officer, Senior Vice President - Finance and Administration

Analysts

Adam Holt - Morgan Stanley

Brent Thill - Citigroup

Sara Friar - Goldman Sachs

Brad Reback - Oppenheimer

Brendan Barnicle - Pacific Crest Securities

Phil Winslow - Credit Suisse

Todd Raker - Deutsche Bank

Kash Rangan - Merrill Lynch

John DiFuca - J.P. Morgan

Tim Klasell - Thomas Weisel Partners

Katherine Egbert - Jefferies

Sandeep Aggarwal - Collins Stewart

Robert Breza - RBC Capital Markets

Presentation

Operator

Welcome to the Microsoft first quarter 2010 fiscal year conference call. (Operator Instructions) I would now like to turn the call over to Mr. Bill Koefoed, General Manager, Investor Relations. Sir, you may begin.

Bill Koefoed

Thank you, Barb and thanks everyone for joining us this morning. As you know yesterday was a significant day for Microsoft with the launch of Windows 7 and Windows Server 2008 R2. We hope that you were able to see and participate in some of the exciting launch activities held around the globe.

As usual, here with me are Chris Liddell, Senior Vice President and Chief Financial Officer; Frank Brod, Corporate Vice President and Chief Accounting Officer; and John Seethoff, Deputy General Counsel. Today Chris will start with takeaways from the first quarter of our 2010 fiscal year. Then I will get into the details of the quarter before handing it back to Chris, who will discuss our business outlook. After that, we will take your questions.

We filed our Form 10-Q this morning. In addition we posted our quarterly financial summary slide deck which is intended to follow the flow of our prepared remarks as well as provide a reconciliation of differences between GAAP and non-GAAP financial measures. You can find these documents at the Investor Relations website at Microsoft.com/MSFT.

Today’s call will be webcast live and recorded. If you decide to ask a question, it will be included in both our live transmission, any future use of the recording and in the transcript which will be posted on our website. You can replay the call at the Microsoft investor relations website until October 23, 2010. This conference call is protected by copyright law and international treaties. Unauthorized reproduction or distribution of this call or any portion of it without the express permission of Microsoft may result in civil and criminal penalties.

 

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