Re: MSFT earnings...
REDMOND, Wash., Jan. 18 (Reuters) -
First Call/Thomson Financial estimate was $0.42 per share
MICROSOFT CORPORATION
INCOME STATEMENTS
(IN MILLIONS, EXCEPT EARNINGS PER SHARE)
Three Months Ended Six Months Ended
Dec. 31 Dec. 31
1998 1999 1998 1999
Revenue $5,195 $6,112 $9,388 $11,496
Operating expenses:
Cost of revenue 788 756 1,437 1,468
Research and development 715 911 1,366 1,745
Sales and marketing 794 1,027 1,482 1,930
General and administrative 149 506 248 649
Other expenses (income) 35 (6) 59 19
Total operating expenses 2,481 3,194 4,592 5,811
Operating income 2,714 2,918 4,796 5,685
Investment income 337 773 598 1,170
Gains on sales 0 0 160 156
Income before income taxes 3,051 3,691 5,554 7,011
Provision for income taxes 1,068 1,255 1,888 2,384
Net income 1,983 2,436 3,666 4,627
Earnings per share (A):
Basic 0.40 0.47 0.73 0.90
Diluted 0.36 0.44 0.67 0.84
(A) Earnings per share for the three and six months ended
December 31, 1998 have been restated to reflect a two-for-one
stock split in March 1999.
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Interesting....
Revenue numbers look great, but total expenses growing faster.
Also, investment income becoming a bigger percentage of net income.......... |
