Legal Turmoil Aside, Microsoft Makes a Q4 Bundle
- 19 July, 2000 12:01
BOSTON (07/18/2000) - Headline-grabbing legal battles aside, Microsoft Corp.
Tuesday reported fourth-quarter net income of US$2.41 billion with diluted earnings per share of 44 cents, topping analysts consensus estimates by 2 cents per share.
Quarterly revenue was $5.8 billion, compared to $5.76 billion for the year-ago quarter. The software maker further reported fiscal year 2000 net income of $9.42 billion with diluted earnings per share of $1.70 for a 20 percent boost over the $1.42 per share recorded the previous fiscal year. Fiscal year 2000 revenue was $22.96 billion. The company's fourth quarter and fiscal year ended June 30, 2000.
The results constitute another record year of business for the Redmond, Washington-based software maker, according to a written statement from the company.
But the company's business practices have been under heavy scrutiny with a U.S. federal judge ruling late last year that Microsoft has illegally used its monopoly position in operating systems in an attempt to dominate other markets, notably Internet browsers. The judge this year ordered the breakup of the company into two separate businesses -- one for operating systems and a second for other software applications. The breakup has been stayed pending court appeals.
Microsoft shares ended the trading day Tuesday up slightly at $78.50.
The company will host a Webcast of a news conference to detail the financial results. The Webcast, available at http://www.microsoft.com/ is set to begin at 5:30 p.m. EDT.
Additional details to follow.
Microsoft, in Redmond, Washington, can be reached at +1-425-882-8080 or via the Internet at http://www.microsoft.com/.