Microsoft today announced their first quarter financial results. Productivity and Business processes group saw a revenue decline on 3%. On constant currency, revenue was up 4%. Strong growth from Office 365 and Dynamics was offset of US dollar value fluctuations. Gross margin also declined 6% and it was up 1% on constant currency. Microsoft reveled that they now have over 18.2 million Office 365 subscribers up 3 million from last quarter.