Microsoft Reports Strong Revenue for Q2

Microsoft Corp. today announced strong

second-quarter results for fiscal 2000, reporting revenue of US$6.1 billion for

the quarter ended Dec. 31, 1999. The company cited both continuing demand for

its Office application suite and its SQL Server database, along with growing

demand in Asia as contributing factors to its good financial showing.

Microsoft's fiscal 2000 second-quarter revenue rose 18 percent on the $5.2 billion recorded in the year-ago quarter, according to a company statement released today. Second-quarter net income was $2.4 billion and diluted earnings per share were 44 cents, up 22 percent over 36 cents per share reported in the second quarter of fiscal 1999.

Revenue in Asia rocketed to $606 million in the second quarter of fiscal 2000, up from $389 million recorded in the same quarter a year ago.

Included in the company's second-quarter fiscal 2000 results is a one-time charge of around 3 cents per share for the settlement of an antitrust lawsuit with DR DOS owner Caldera Inc.

Microsoft did draw attention to a drop-off in demand for business PCs during the second quarter that adversely affected the company's business. John Connors, Microsoft's chief financial officer, said that given that fall in demand, the vendor continues to anticipate "moderate revenue growth during the remainder of fiscal 2000." Although cautious, Microsoft is hoping that the official release of its long-awaited Windows 2000 operating system on Feb. 17 will net it plenty of revenue.

Microsoft, in Redmond, Washington, can be reached at +1-425-882-8080, or at http://www.microsoft.com/.

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