microsoft.com
REDMOND, Wash. — July 18, 2000 — 1:30 pm PDT —
Microsoft Corp. today announced revenue of $22.96 billion
for the fiscal year ended June 30, 2000, a 16 percent
increase over the $19.75 billion reported last year. Net
income totaled $9.42 billion. Diluted earnings per share were
$1.70, a 20 percent increase compared to $1.42 in fiscal
1999.
For the quarter ended June 30, 2000, diluted earnings per
share were $0.44, a 10 percent increase over the $0.40 for
the corresponding quarter last year. Revenue and net income
were $5.80 billion and $2.41 billion compared to $5.76 billion
and $2.20 billion, respectively, for the same quarter last
year.
“We experienced another record year of business results
despite many challenges. In particular, the Asia region
rebounded nicely and our consumer business experienced a
significant increase in revenue,” said John Connors, chief
financial officer at Microsoft. “Although we remain guarded in
the near term about business PC growth rates, we look
forward to the tremendous opportunity in front of us with the
Windows® 2000 generation of server products — including
Windows 2000® and the soon-to-be-available SQL Server™
2000 and Exchange Server 2000.”
Microsoft® Windows 2000 continued to gain broad customer
and industry support during the quarter. Many large
organizations, including Royal Dutch/Shell, Xerox Corp., Reed
Elsevier and Motorola Inc., have committed to and are
deploying Windows 2000 Professional, citing it as the most
manageable and reliable version of Windows to date. In
addition, leading PC manufacturers including Compaq
Computer Corp., Dell Computer Corp., Hewlett-Packard Co.,
IBM Corp. and Toshiba Corp., are deploying Windows 2000
Professional internally across their organizations, signaling
their endorsement of Windows 2000 as the ideal platform for
corporate desktops.
Customer enthusiasm for Windows 2000 Server also was
strong in the quarter, with ABN AMRO, InfoSpace Inc. and
Data Return Corp. as showcase examples of the accelerating
deployment momentum for the platform in multinational
corporations and new economy dot-com and e-commerce
companies. Sales of Windows 2000 Advanced Server in the
quarter doubled over Windows NT® Server 4.0 Enterprise
Edition in the prior year, reflecting increasing customer
adoption of Microsoft’s software-based approach to
achieving the high levels of scalability and reliability
demanded by today’s mission-critical applications. For
example, on June 13th, it was announced that Windows 2000
would be the platform for the mission-critical Integrated
Warfare System on the first of the U.S. Navy’s next
generation aircraft carriers, the CVN-77, also dubbed the
“Smart Carrier.”
On June 22, 2000, Microsoft unveiled the Microsoft .NET
platform, its next generation of software and services that
will enable a new era of personal empowerment and business
opportunity for consumers, businesses and software
developers. Based on open Internet standards and protocols,
particularly the Extensible Markup Language (XML), this new
family of products and technologies will be aimed at making
computing and communications easier for all users. Microsoft
.NET also will create opportunities for developers to build
Internet services and businesses more easily and to integrate
those offerings directly with their business partners and
customers.
“By creating the next-generation platform through which
devices and services on the Web can cooperate with each
other, Microsoft is driving new opportunities for developers
and industry partners that will elevate the user experience to
new levels of power and simplicity,” said Steve Ballmer,
president and CEO at Microsoft. “We are leading the Internet
revolution to its next stage, ensuring that the wealth of
information and resources out there works together easily
and seamlessly.”
During the quarter, the MSN™ network of Internet services
continued its impressive run and established itself as the
Internet’s largest network. The consolidated network of MSN
Web sites also recorded industry-leading gains in several key
metrics during the quarter, including 20 percent growth in
the average minutes of use per MSN user, and 19 percent
growth in total reach in the U.S. since July 1999. MSN
Internet Access continued the robust growth demonstrated
during the prior quarter, with the subscriber base growing 20
percent to 3 million.
MSN has established the broadest global presence in the
industry, with availability in 33 markets and 17 languages.
With strong growth in users worldwide, MSN is now the
number one Web site in the United Kingdom, Canada,
Australia and New Zealand and among the top three in most
global markets, according to Nielsen//NetRatings.
On July 12, 2000, at the annual Microsoft Professional
Developers Conference, Microsoft and Intel Corp. announced
a preview release of the 64-bit Windows operating system
for the Intel Itanium processor. Microsoft also announced the
availability of software development kits (SDKs) and driver
development kits (DDKs) for developers building 64-bit
applications, key milestones in the company’s continued
investment in enabling the next generation of scalability and
reliability for mission-critical enterprise computing.
During the quarter, Microsoft also announced the release to
manufacturing of Windows Me, the latest version of the
Windows operating system designed specifically for the home
user. Retail availability of Windows Me is set for Thursday,
Sept. 14, 2000.
This press release contains statements that are
forward-looking. These statements are based on current
expectations that are subject to risks and uncertainties.
Actual results will vary because of factors such as PC
shipment growth; technological shifts; customer demand;
competitive products and pricing; product mix; product ship
schedules; life cycles; terms and conditions; litigation; and
other issues discussed in the company’s Form 10-K and other
SEC filings.
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the
worldwide leader in software, services and Internet
technologies for personal and business computing. The
company offers a wide range of products and services
designed to empower people through great software — any
time, any place and on any device. |
