Microsoft Earnings Just Under Street Estimates
- 19 October, 2000 12:01
Citing accelerated deployments of Windows 2000 Professional and Windows Me, Microsoft Wednesday announced net income of $US2.58 billion for the quarter ended Sept. 30, an 18 per cent increase over the $US2.19 billion reported last year.
Diluted earnings per share for the company's first quarter of fiscal year 2001 were 40 cents, one penny less than the average predicted by 22 analysts polled by First Call/Thompson Financial. Revenue during the quarter totaled $5.8 billion, Microsoft said in a release.
The results compare with fourth-quarter net income announced in July of $US2.41 billion and diluted earnings per share of 44 cents. Fourth quarter revenue was the same last quarter, $US5.8 billion.
John Connors, chief financial officer of Microsoft, said in the release that results were solid across all businesses, led by the faster deployments of Windows 2000 Professional in the business sector and Windows Me in the consumer arena. Connors said the company also continued to make progress with its server products, citing sales to Lycos Inc., FreeMarkets Inc., RadioShack Corp., The Home Shopping Network and General Motors Acceptance Corp.
Microsoft, in Redmond, Washington, can be reached at http://www.microsoft.com/.
(more to follow)