Microsoft F2Q07 (Qtr End 12/31/06) Earnings Call Transcript

Microsoft Corporation (NASDAQ:MSFT) F2Q07 Earnings Call January 25, 2007 5:30 PM ET

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Executives

Chris Liddell – SVP, CFO
Colleen Healy - IR

Analysts

Heather Bellini - UBS
Charlie DiBona - Sanford Bernstein
Kash Rangan - Merrill Lynch
Rick Sherlund - Goldman Sachs
Adam Holt - JP Morgan
Brent Thill - Citigroup
Jason Maynard - Credit Suisse
Robert Breza - RBC Capital Markets
Tim Klasell - Thomas Weisel Partners
John McPeake - Prudential

Operator

Welcome to the Microsoft 2007 fiscal year second quarter earnings conference call. (Operator Instructions) I would now like to turn the call over to Ms. Colleen Healy, General Manager, Investor Relations. Please go ahead.

Colleen Healy

Thank you. Good afternoon, everyone and thank you for joining us today. This afternoon I am joined by Chris Liddell, Senior Vice President and Chief Financial Officer and John Seethoff, Deputy General Counsel.

Today's call will start with Chris providing some key takeaways for the second quarter of fiscal year 2007 and an overview of expectations for the rest of the fiscal year. I will then provide detail around our second quarter results, and then turn it back to Chris for a more detailed discussion of our guidance for the full year and the third quarter of fiscal 2007. After that, we will take your questions.

We filed our 10-Q today in conjunction with our earnings release. Therefore, you have available the earnings release, MD&A, financial statements and footnotes. We have also posted our quarterly financial summary slide deck, which is intended to follow the flow of our prepared remarks in order to assist you. The slide deck offers highlights from the quarter, outlines our guidance and provides a reconciliation of differences between GAAP and non-GAAP financial measures that we will talk about today.