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Microsoft earnings as expected
Microsoft Corp. on Thursday posted a quarterly profit that fell within estimates on robust sales in its main businesses, but warned revenue growth would slow in the current quarter amid still-sluggish demand for personal computers.
Microsoft Corp. on Thursday posted a quarterly profit that fell within estimates on robust sales in its main businesses, but warned revenue growth would slow in the current quarter amid still-sluggish demand for personal computers.
Microsoft said operating income for its fourth quarter ended June 30 -- excluding a $2.6 billion non-cash investment charge -- was $2.75 billion, up from $2.55 billion a year earlier. Including the pre-announced investment charge, net income was $66 million, or 1 cent per share, down from $2.4 billion or 44 cents per diluted share a year earlier.
Operating income per share, including interest and dividend gains but excluding the non-cash investment charge, would have been 43 cents in the fourth quarter, in line with Wall Street expectations, Chief Financial Officer John Connors told media persons.
Revenues for the quarter were $6.58 billion, up 13 percent from $5.8 billion a year earlier.
Microsoft had been expected to earn from 41 to 49 cents a share in the fourth quarter, excluding charges, with an analyst consensus of 43 cents a share, according to data compiled by Wall Street tracking firm Thomson Financial/First Call.
"We were very pleased to see our results across each of our businesses be very positive," Connors said.
"We were particularly pleased to see strong adoption of Windows 2000 on the client (desktop computers). And our enterprise segment grew 20 percent, which is a very good result in light of the current economic environment," Connors said. Bureau Report
Microsoft said operating income for its fourth quarter ended June 30 -- excluding a $2.6 billion non-cash investment charge -- was $2.75 billion, up from $2.55 billion a year earlier. Including the pre-announced investment charge, net income was $66 million, or 1 cent per share, down from $2.4 billion or 44 cents per diluted share a year earlier.
Operating income per share, including interest and dividend gains but excluding the non-cash investment charge, would have been 43 cents in the fourth quarter, in line with Wall Street expectations, Chief Financial Officer John Connors told media persons.
Revenues for the quarter were $6.58 billion, up 13 percent from $5.8 billion a year earlier.
Microsoft had been expected to earn from 41 to 49 cents a share in the fourth quarter, excluding charges, with an analyst consensus of 43 cents a share, according to data compiled by Wall Street tracking firm Thomson Financial/First Call.
"We were very pleased to see our results across each of our businesses be very positive," Connors said.
"We were particularly pleased to see strong adoption of Windows 2000 on the client (desktop computers). And our enterprise segment grew 20 percent, which is a very good result in light of the current economic environment," Connors said. Bureau Report