Because of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement of our consolidated financial statements would be prevented or detected.Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in To the Stockholders and the Board of Directors of Microsoft CorporationWe have audited the internal control over financial reporting of Microsoft Corporation and subsidiaries (the âCompanyâ) as of June 30, 2019, based on criteria established in We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (âPCAOBâ), the consolidated financial statements and the related notes (collectively referred to as the âfinancial statementsâ) as of and for the year ended June 30, 2019, of the Company and our report dated August 1, 2019, expressed an unqualified opinion on those financial statements.The Companyâs management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Report of Management on Internal Control over Financial Reporting. As of June 30, 2019, $11.4 billion remained of the 2016 Share Repurchase Program.We repurchased the following shares of common stock under the share repurchase programs:Shares repurchased in the first and second quarter of fiscal year 2017 were under the 2013 Share Repurchase Program.
While these programs may differ in various parts of the world, generally they include those discussed below.SA conveys rights to new software and upgrades for perpetual licenses released over the contract period.
The federal and state net operating loss carryforwards will expire in various years fromfiscal 2020 through 2039, if not utilized. Refer to the Non-GAAP Financial Measures section below for a reconciliation of our financial results reported in accordance with GAAP to non-GAAP financial results.Revenue increased $15.5 billion or 14%, driven by growth across each of our segments. For certain equipment leases, such as vehicles, we account for the lease and non-lease components as a single lease component.
Commercial competitors for our server applications for PC-based distributed client-server environments include CA Technologies, IBM, and Oracle. This segment primarily comprises:The Windows operating system is designed to deliver a more personal computing experience for users by enabling consistency of experience, applications, and information across their devices. Refer to Note 12 â Income Taxes of the Notes to Financial Statements for further discussion.Our industry is dynamic and highly competitive, with frequent changes in both technologies and business models. We regularly reevaluate our estimates to assess the adequacy of the recorded warranty liabilities and adjust the amounts as necessary.Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other headcount-related expenses associated with product development. We monitor our foreign currency exposures daily to maximize the economic effectiveness of our foreign currency positions. Gross margin percentage increased slightly, due to gross margin percentage improvement across each of our segments and favorable segment sales mix.
Each day we practice customer obsession â listening and then innovating to meet customersâ unarticulated needs. In a separate 2009 decision, the Court of Appeals for the District of Columbia held that adverse health effect claims arising from the use of cellular handsets that operate within the U.S. Federal Communications Commission radio frequency emission guidelines (âFCC Guidelinesâ) are pre-empted by federal law. Der Amazon Geschäftsbericht (PDF) war das große Thema an diesem Wochenende.
We believe our cloudâs global scale, coupled with our broad portfolio of identity and security solutions, allows us to effectively solve complex cybersecurity challenges for our customers and differentiates us from the competition.Our Enterprise Services business competes with a wide range of companies that provide strategy and business planning, application development, and infrastructure services, including multinational consulting firms and small niche businesses focused on specific technologies.Our More Personal Computing segment consists of products and services geared towards harmonizing the interests of end users, developers, and IT professionals across all devices.