Microsoft Fiscal 1st-Qtr Net Rises 8 Percent, Beats Estimates
Redmond, Washington, Oct. 20 (Bloomberg) - Microsoft Corp.
said fiscal first-quarter net income including a charge rose 8
percent.
The Redmond, Washington, software maker reported net income
of $663 million, or 50 cents a share, compared with net income of
$614 million, or 47 cents, in the year-earlier period.
Excluding a charge of $296 million, or 22 cents, per-share
earnings were 72 cents.
The company was expected to earn 70 cents a share, based on
the average estimate of 24 analysts polled by IBES International
Inc.
Revenue rose 36 percent to $3.13 billion from $2.30 billion.
Microsoft said Windows NT, which manages information on
computer networks, and Office 97 programs drove earnings.
''Microsoft had a very successful quarter on several
front,'' said Greg Maffei, Microsoft's chief financial officer.
''Shipments of Microsoft Office 97 remained strong, server
products grew well sequentially and year-over-year, and Microsoft
Windows 95 and Microsoft Windows NT Workstation grew
significantly.''
Microsoft shares rose 1/4 to 132 1/2. The company reported
results after the close of regular U.S. trading.
After Market: ptdiscount.com
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