To: Boplicity who wrote (1505 ) 6/7/2001 1:49:54 AM From: D.B. Cooper Read Replies (1) | Respond to of 13815 Thursday June 7 1:06 AM ET Microsoft Sees Asia Sales Up 27 Percent KUALA LUMPUR (Reuters) - U.S. software giant Microsoft Corp said on Thursday consumer affluence and increased government spending would spur its Asian sales to jump 27 percent in the financial year ending June 30. ``Our fiscal year ends in June...we are growing about 27 percent this fiscal year and we also grew in excess of 20 percent last year,'' Michael Rawding, President Asia at Microsoft, told a news conference. Microsoft's global revenue for nine months ended March 31 rose to $18.84 billion from $17.15 billion in the same period a year ago. He was speaking after the launch of a new version of the company's Office package of business applications, called Office XP, in the Malaysian capital. Rawding said Asia, which accounted for 18 percent of Microsoft's total revenues from commercial business, has been one of its fastest growing markets for the last couple of years. Rawding said increased information technology investment by Asian governments and companies, coupled with higher consumer spending, would offset the impact of a downturn in the global technology sector and an economic slowdown in the United States. ``It should be noted that relative to other markets, the Asian market is under-penetrated,'' he said. While Japan remained the software giant's largest Asian market, Rawding expected South Korea (news - web sites), China and India to register strong growth during the year. Rawding said Microsoft's newly launched Office XP was a money spinner that would boost its Asian business. Office has some 250 million users worldwide, with some analysts saying it has a 90 percent market share. Rawding said there are about 80 million users in Asia. ``We anticipate that Office will continue to be the largest revenue generator for us,'' he said, adding that the product had not reached saturation level. Microsoft's share price closed at $72.36 on Nasdaq on Wednesday, down 24 cents.