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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (2543)	7/18/2002 7:55:27 PM
From: stockman_scott	Respond to of 89467

Microsoft revenue up 10 percent, profit surging LOS ANGELES, Jul 18, 2002 (from COMTEX) -- Microsoft Corp. Thursday reported 7.25 billion US dollars in revenue for the quarter ended June 30, 2002, up 10 percent from the same quarter last year, while its profit surged to 1.53 billion dollars from 65 million dollars a year earlier. The US software giant's diluted earnings per share for the quarter were 28 cents, which included an after tax charge for investment impairments of 806 million dollars or 15 cents per share. For the same period of 2001, its diluted earnings per share were 1 cent, including after tax charges for investment impairments of 2.63 billion dollars or 47 cents per share. "Robust customer demand for Windows XP and other desktop software enabled us to deliver strong operating results this quarter, in spite of continued uncertainty in the technology markets," said John Connors, chief financial officer of Microsoft. Microsoft also announced revenue of 28.37 billion dollars for the full fiscal year ended June 30, 2002, a 12 percent increase over the 25.30 billion dollars reported last year. Net income and diluted earnings per share for fiscal year 2002 were 7.83 billion dollars and 1.41 dollars, up 6.5 percent and 6.8 percent respectively. The company's revenue from desktop software increased 9 percent to 4.97 billion dollars in the June quarter. For the full fiscal year, desktop software revenue was 18.90 billion dollars, up 7 percent from the prior year. Microsoft claimed that demand was particularly robust for the professional versions of its Windows while revenue from its desktop applications also grew on the strength of continuing demand for Office by enterprise customers, adding that that its Visio and Project both achieved record sales. For the June quarter, Microsoft's enterprise software and services revenue was 1.35 billion dollars, up 4 percent from the prior year. For the fiscal year, revenue was 5.11 billion dollars, up 6 percent from the prior year. In a statement, the company said that it expects its revenue for the quarter ending September 30, 2002 to be in the range of 7 billion and 7.1 billion dollars and its diluted earnings per share to be either 42 or 43 cents. As for the full fiscal year ending June 30, 2003, it said it expects to report revenue in a range from 31.4 billion to 32 billion dollars and diluted earnings per share in the range of 1. 85 to 1.91 dollars.