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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (20938)	4/20/1999 5:30:00 PM
From: Maverick	Respond to of 74651

Microsoft Posts Sharp Increase In Profit REDMOND, Wash. (Reuters) - Microsoft Corp. (Nasdaq:MSFT - news) Tuesday said earnings soared 43 percent in the latest quarter, beating analysts' expectations, powered by strong sales of its core Windows operating systems and Office applications. Microsoft said it earned $1.92 billion, or 35 cents per diluted share, in its fiscal third quarter, compared with $1.34 billion, or 25 cents, a year earlier. Revenues rose 15 percent to $4.33 billion from $3.77 billion a year earlier. On average analysts had estimated the Redmond-based software giant would report earnings of 32 cents a share. Microsoft Chief Financial Officer Greg Maffei said in a statement that the company had put in a ''solid performance across all product lines,'' although he said it remained guarded about growth over the rest of this year because of corporate spending ''lockdowns'' to focus on the Year 2000 issue. Maffei said the quarter was highlighted by a continued shift to the company's higher-priced Windows NT operating system for desktop computers, robust demand for Office despite an impending upgrade and strong sales of applications for back-end server applications. Sales in the battered Asia region were up 22 percent over year-earlier levels to $475 million, a result Maffei called ''much-improved.''