Microsoft Announces Strong Quarterly Revenue and Income Windows 2000 Professional, .NET Enterprise Servers Post Impressive Growth
REDMOND, Wash., Apr 19, 2001 /PRNewswire via COMTEX/ -- Microsoft Corp.
(Nasdaq: MSFT) today announced revenue of $6.46 billion for the quarter ended
March 31, 2001, a 14 percent increase over the $5.66 billion for the same
quarter last year. Net income and diluted earnings per share were $2.45 billion
and $0.44.
(Photo: www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
"Results were strong across all businesses and came in a little better than we
expected. We were particularly pleased by the ongoing strong performance of
Windows(R) 2000 Professional and the accelerating demand for our .NET Enterprise
Server products by business customers," said John Connors, chief financial
officer at Microsoft. "Despite this quarter's solid performance, we continue to
be mindful of the current economic climate and the impact it may have on
business and consumer demand."
"We're seeing that more business customers of all sizes recognize the unique
value proposition of Microsoft's products, and our results reflect an excellent
performance by our sales, marketing and service teams, and partners worldwide in
communicating this value proposition to customers," said Orlando Ayala, group
vice president for worldwide sales and marketing at Microsoft. "With the
availability this past quarter of BizTalk(TM) Server 2000, Application Center
2000 and Internet Security and Acceleration Server 2000, Microsoft has delivered
three more best-in-class offerings making up the .NET Enterprise Server family
-- a powerful, highly integrated platform solution that is designed to deliver
world-record performance, scalability, reliability and flexibility at a price
that doesn't break the bank."
The Windows 2000 family of products posted another record quarter. Windows 2000
Professional showed particularly strong momentum, accounting for 35 percent of
all 32-bit operating systems that shipped during the quarter, up from 31 percent
in the December 2000 quarter. Also during the quarter, Microsoft unveiled
Windows XP, the next version of the Windows family of business and consumer
operating systems. Built on the enhanced Windows 2000 engine, Windows XP
features a new user interface and extends the personal computing experience by
uniting PCs, devices and services in new and exciting ways. Windows XP is
expected to be available in the second half of calendar 2001.
Office XP, the newest version of the award-winning Office business productivity
suite, was released to manufacturing during the quarter and will be broadly
available on May 31, 2001. Office XP provides a smarter work experience for
individuals, teams and organizations by enhancing end-user productivity,
providing rich collaboration services, and enabling an array of secure, reliable
and flexible business solutions.
On March 19, 2001, Microsoft unveiled "HailStorm," a set of user-centric,
XML-based Web services that will enable the different technologies in an
individual's life to work together, and cater to the user's preferences.
Solutions based on "HailStorm" technology are designed to allow users to manage
and securely share their personal information across a variety of devices and
applications, regardless of the underlying operating system, programming
language or online service. "HailStorm" is a key milestone in the ongoing
delivery of .NET, Microsoft's initiative to empower people through great
software, any time, any place and on any device.
On April 5, 2001, Microsoft completed its acquisition of Great Plains Software
Inc., a leading supplier of mid-market business applications. Microsoft(R) Great
Plains will continue to develop, market, distribute and support its
award-winning business applications, such as Dynamics, eEnterprise and Solomon,
under the Microsoft Great Plains Business Solutions brand.
Business Outlook
Management offers the following guidance for the quarter ending June 30, 2001:
-- Revenue is expected to be in the range of $6.30 billion and $6.50
billion.
Diluted earnings per share is expected to be $0.41 or $0.42, after including a
charge of one cent related to the acquisition of Great Plains Software, Inc.
Management offers the following guidance for the full fiscal year ending June
30, 2002:
-- Revenue is expected to be in the range of $28 billion and $29 billion.
-- Diluted earnings per share is expected to be in the range of $1.90 to
$1.94.
These statements are based on current expectations that are based on assumptions
that are subject to risks and uncertainties. Actual results could differ
materially because of factors such as: general economic conditions; changes in
the rate of PC shipments; technological shifts; customer demand; market
acceptance of new products and services; competitive products, services and
pricing; changes in product and service mix; delay in product ship schedules;
product life cycles; currency fluctuations; sale terms and conditions; financial
market volatility affecting the value of our investments that may result in a
reduction in carrying value and recognition of losses; litigation; and other
factors discussed in the Company's 2000 Form 10-K and other reports and filings
with the Securities and Exchange Commission.
Webcast Details
Microsoft will hold an audio webcast at 2:30 p.m. PDT (5:30 p.m. EDT) today with
John Connors to discuss additional details regarding the company's performance
for the quarter and other forward-looking information. The session may be
accessed at www.microsoft.com/msft/. The webcast will be available for
replay through the close of business on Friday, April 27.
Founded in 1975, Microsoft 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.
Microsoft, Windows and BizTalk, are either registered trademarks or trademarks
of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the
trademarks of their respective owners.
Microsoft Corporation
Income Statements
(In millions, except earnings per share)
Three Months Ended Nine Months Ended
` March 31 March 31
2000 2001 2000 2001
Revenue $5,656 $6,456 $17,152 $18,841
Operating expenses:
Cost of revenue 752 952 2,220 2,710
Research and development 974 1,069 2,685 3,015
Sales and marketing 1,010 1,198 2,945 3,526
General and administrative 185 239 847 621
Total operating expenses 2,921 3,458 8,697 9,872
Operating income 2,735 2,998 8,455 8,969
Losses on equity investees and other (4) (46) (33) (126)
Investment income 882 706 2,202 2,584
Income before income taxes 3,613 3,658 10,624 11,427
Provision for income taxes 1,228 1,207 3,612 3,771
Income before accounting change 2,385 2,451 7,012 7,656
Cumulative effect of accounting change 0 0 0 (375)
Net income $2,385 $2,451 $7,012 $7,281
Earnings per share:
Basic before accounting change $ 0.46 $ 0.46 $ 1.36 $ 1.44
Diluted before accounting change $ 0.43 $ 0.44 $ 1.27 $ 1.37
Basic $ 0.46 $ 0.46 $ 1.35 $ 1.37
Diluted $ 0.43 $ 0.44 $ 1.27 $ 1.31
Average shares outstanding:
Basic 5,209 5,336 5,167 5,328
Diluted 5,543 5,563 5,536 5,575
Microsoft Corporation
Balance Sheets
(In millions)
June 30, 2000 March 31, 2001
Assets
Current assets:
Cash and equivalents $ 4,846 $ 4,149
Short-term investments 18,952 25,869
Total cash and short-term investments 23,798 30,018
Accounts receivable 3,250 3,532
Deferred income taxes 1,708 1,841
Other ` 1,552 2,398
`Total current assets 30,308 37,789 ` Property and equipment, net 1,903 2,159
Equity and other investments 17,726 17,463
Other assets 2,213 2,194
Total assets $52,150 $59,605
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $ 1,083 $ 1,246
Accrued compensation ` 557 501
Income taxes 585 753
Unearned revenue 4,816 5,305
Other 2,714 1,935
Total current liabilities 9,755 9,740
Deferred income taxes 1,027 1,775
Stockholders' equity:
Common stock and paid-in capital 23,195 27,647
Retained earnings 18,173 20,443
Total stockholders' equity 41,368 48,090
Total liabilities and stockholders' equity $52,150 $59,605
Microsoft Corporation
Channel and Business Division Revenue
(In millions)
Three Months Ended Nine Months Ended
March 31 March 31
2000 2001 2000 2001
Channels
South Pacific and Americas Region $2,018 $2,424 $6,093 $6,981
Europe, Middle East, and Africa
Region 1,259 1,204 3,869 3,719
Asia Region 709 836 1,908 2,281
OEM 1,670 1,992 5,282 5,860
Total revenue $5,656 $6,456 $17,152 $18,841
Business Divisions
Desktop Applications $2,263 $2,412 $7,007 $7,036
Desktop Platforms 1,765 2,052 5,261 5,998
Desktop Software 4,028 4,464 `12,268 13,034
Enterprise Software and Services 1,028 1,254 3,005 3,535
Desktop and Enterprise Software and
Services `5,056 5,718 15,273 16,569
Consumer Software, Services, and
Devices 378 460 1,208 `1,445
Consumer Commerce Investments ` 46 129 94 325
Other ` 176 149 577 502
Total revenue $5,656 $6,456 $17,152 $18,841
SOURCE Microsoft Corp.
CONTACT: financial analysts only, Carla Lewis, senior director, Investor
Relations of Microsoft Corp., 425-936-3703; or, press only, Caroline Boren,
425-638-7000 or carolineb@wagged.com, or Katy Fonner, 503-443-7000 or
kfonner@wagged.com, both of Waggener Edstrom, for Microsoft Corp.
/Photo: www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
/Company News On-Call: www.prnewswire.com/comp/569457.html or fax,
800-758-5804, ext. 569457
URL: www.microsoft.com/msft
www.prnewswire.com
(C) 2001 PR Newswire. All rights reserved.
KEYWORD: California
INDUSTRY KEYWORD: CPR
MLM
STW
SUBJECT CODE: ERN
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Copyright © 1998-2001 FreeRealTime.com, Inc. All rights reserved.
User Agreement, Privacy Statement, Disclosures, Version 3.00
REDMOND, Wash., Apr 19, 2001 /PRNewswire via COMTEX/ -- Microsoft Corp.
(Nasdaq: MSFT) today announced revenue of $6.46 billion for the quarter ended
March 31, 2001, a 14 percent increase over the $5.66 billion for the same
quarter last year. Net income and diluted earnings per share were $2.45 billion
and $0.44.
(Photo: www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
"Results were strong across all businesses and came in a little better than we
expected. We were particularly pleased by the ongoing strong performance of
Windows(R) 2000 Professional and the accelerating demand for our .NET Enterprise
Server products by business customers," said John Connors, chief financial
officer at Microsoft. "Despite this quarter's solid performance, we continue to
be mindful of the current economic climate and the impact it may have on
business and consumer demand."
"We're seeing that more business customers of all sizes recognize the unique
value proposition of Microsoft's products, and our results reflect an excellent
performance by our sales, marketing and service teams, and partners worldwide in
communicating this value proposition to customers," said Orlando Ayala, group
vice president for worldwide sales and marketing at Microsoft. "With the
availability this past quarter of BizTalk(TM) Server 2000, Application Center
2000 and Internet Security and Acceleration Server 2000, Microsoft has delivered
three more best-in-class offerings making up the .NET Enterprise Server family
-- a powerful, highly integrated platform solution that is designed to deliver
world-record performance, scalability, reliability and flexibility at a price
that doesn't break the bank."
The Windows 2000 family of products posted another record quarter. Windows 2000
Professional showed particularly strong momentum, accounting for 35 percent of
all 32-bit operating systems that shipped during the quarter, up from 31 percent
in the December 2000 quarter. Also during the quarter, Microsoft unveiled
Windows XP, the next version of the Windows family of business and consumer
operating systems. Built on the enhanced Windows 2000 engine, Windows XP
features a new user interface and extends the personal computing experience by
uniting PCs, devices and services in new and exciting ways. Windows XP is
expected to be available in the second half of calendar 2001.
Office XP, the newest version of the award-winning Office business productivity
suite, was released to manufacturing during the quarter and will be broadly
available on May 31, 2001. Office XP provides a smarter work experience for
individuals, teams and organizations by enhancing end-user productivity,
providing rich collaboration services, and enabling an array of secure, reliable
and flexible business solutions.
On March 19, 2001, Microsoft unveiled "HailStorm," a set of user-centric,
XML-based Web services that will enable the different technologies in an
individual's life to work together, and cater to the user's preferences.
Solutions based on "HailStorm" technology are designed to allow users to manage
and securely share their personal information across a variety of devices and
applications, regardless of the underlying operating system, programming
language or online service. "HailStorm" is a key milestone in the ongoing
delivery of .NET, Microsoft's initiative to empower people through great
software, any time, any place and on any device.
On April 5, 2001, Microsoft completed its acquisition of Great Plains Software
Inc., a leading supplier of mid-market business applications. Microsoft(R) Great
Plains will continue to develop, market, distribute and support its
award-winning business applications, such as Dynamics, eEnterprise and Solomon,
under the Microsoft Great Plains Business Solutions brand.
Business Outlook
Management offers the following guidance for the quarter ending June 30, 2001:
-- Revenue is expected to be in the range of $6.30 billion and $6.50
billion.
Diluted earnings per share is expected to be $0.41 or $0.42, after including a
charge of one cent related to the acquisition of Great Plains Software, Inc.
Management offers the following guidance for the full fiscal year ending June
30, 2002:
-- Revenue is expected to be in the range of $28 billion and $29 billion.
-- Diluted earnings per share is expected to be in the range of $1.90 to
$1.94.
These statements are based on current expectations that are based on assumptions
that are subject to risks and uncertainties. Actual results could differ
materially because of factors such as: general economic conditions; changes in
the rate of PC shipments; technological shifts; customer demand; market
acceptance of new products and services; competitive products, services and
pricing; changes in product and service mix; delay in product ship schedules;
product life cycles; currency fluctuations; sale terms and conditions; financial
market volatility affecting the value of our investments that may result in a
reduction in carrying value and recognition of losses; litigation; and other
factors discussed in the Company's 2000 Form 10-K and other reports and filings
with the Securities and Exchange Commission.
Webcast Details
Microsoft will hold an audio webcast at 2:30 p.m. PDT (5:30 p.m. EDT) today with
John Connors to discuss additional details regarding the company's performance
for the quarter and other forward-looking information. The session may be
accessed at www.microsoft.com/msft/. The webcast will be available for
replay through the close of business on Friday, April 27.
Founded in 1975, Microsoft 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.
Microsoft, Windows and BizTalk, are either registered trademarks or trademarks
of Microsoft Corp. in the United States and/or other countries.
The names of actual companies and products mentioned herein may be the
trademarks of their respective owners.
Microsoft Corporation
Income Statements
(In millions, except earnings per share)
Three Months Ended Nine Months Ended
` March 31 March 31
2000 2001 2000 2001
Revenue $5,656 $6,456 $17,152 $18,841
Operating expenses:
Cost of revenue 752 952 2,220 2,710
Research and development 974 1,069 2,685 3,015
Sales and marketing 1,010 1,198 2,945 3,526
General and administrative 185 239 847 621
Total operating expenses 2,921 3,458 8,697 9,872
Operating income 2,735 2,998 8,455 8,969
Losses on equity investees and other (4) (46) (33) (126)
Investment income 882 706 2,202 2,584
Income before income taxes 3,613 3,658 10,624 11,427
Provision for income taxes 1,228 1,207 3,612 3,771
Income before accounting change 2,385 2,451 7,012 7,656
Cumulative effect of accounting change 0 0 0 (375)
Net income $2,385 $2,451 $7,012 $7,281
Earnings per share:
Basic before accounting change $ 0.46 $ 0.46 $ 1.36 $ 1.44
Diluted before accounting change $ 0.43 $ 0.44 $ 1.27 $ 1.37
Basic $ 0.46 $ 0.46 $ 1.35 $ 1.37
Diluted $ 0.43 $ 0.44 $ 1.27 $ 1.31
Average shares outstanding:
Basic 5,209 5,336 5,167 5,328
Diluted 5,543 5,563 5,536 5,575
Microsoft Corporation
Balance Sheets
(In millions)
June 30, 2000 March 31, 2001
Assets
Current assets:
Cash and equivalents $ 4,846 $ 4,149
Short-term investments 18,952 25,869
Total cash and short-term investments 23,798 30,018
Accounts receivable 3,250 3,532
Deferred income taxes 1,708 1,841
Other ` 1,552 2,398
`Total current assets 30,308 37,789 ` Property and equipment, net 1,903 2,159
Equity and other investments 17,726 17,463
Other assets 2,213 2,194
Total assets $52,150 $59,605
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $ 1,083 $ 1,246
Accrued compensation ` 557 501
Income taxes 585 753
Unearned revenue 4,816 5,305
Other 2,714 1,935
Total current liabilities 9,755 9,740
Deferred income taxes 1,027 1,775
Stockholders' equity:
Common stock and paid-in capital 23,195 27,647
Retained earnings 18,173 20,443
Total stockholders' equity 41,368 48,090
Total liabilities and stockholders' equity $52,150 $59,605
Microsoft Corporation
Channel and Business Division Revenue
(In millions)
Three Months Ended Nine Months Ended
March 31 March 31
2000 2001 2000 2001
Channels
South Pacific and Americas Region $2,018 $2,424 $6,093 $6,981
Europe, Middle East, and Africa
Region 1,259 1,204 3,869 3,719
Asia Region 709 836 1,908 2,281
OEM 1,670 1,992 5,282 5,860
Total revenue $5,656 $6,456 $17,152 $18,841
Business Divisions
Desktop Applications $2,263 $2,412 $7,007 $7,036
Desktop Platforms 1,765 2,052 5,261 5,998
Desktop Software 4,028 4,464 `12,268 13,034
Enterprise Software and Services 1,028 1,254 3,005 3,535
Desktop and Enterprise Software and
Services `5,056 5,718 15,273 16,569
Consumer Software, Services, and
Devices 378 460 1,208 `1,445
Consumer Commerce Investments ` 46 129 94 325
Other ` 176 149 577 502
Total revenue $5,656 $6,456 $17,152 $18,841
SOURCE Microsoft Corp.
CONTACT: financial analysts only, Carla Lewis, senior director, Investor
Relations of Microsoft Corp., 425-936-3703; or, press only, Caroline Boren,
425-638-7000 or carolineb@wagged.com, or Katy Fonner, 503-443-7000 or
kfonner@wagged.com, both of Waggener Edstrom, for Microsoft Corp.
/Photo: www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO
AP Archive: photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
/Company News On-Call: www.prnewswire.com/comp/569457.html or fax,
800-758-5804, ext. 569457
URL: www.microsoft.com/msft
www.prnewswire.com
(C) 2001 PR Newswire. All rights reserved.
KEYWORD: California
INDUSTRY KEYWORD: CPR
MLM
STW
SUBJECT CODE: ERN
Feedback
--------------------------------------------------
Feedback: We have re-designed the FreeRealTime.com website to give you faster, easier access to a growing list of financial services. Our continuing evolution depends on the valuable feedback we receive from our members. Click here to offer us your suggestions.
Questions: If you have questions and require technical support, contact us at support@corp.freerealtime.com.
DJIA 10,693.58 77.75
Nasdaq 2,181.93 102.49
S&P 500 1,253.69 15.53
10 Yr Bond 5.23 0.11
RedChip Top PicksTM 2001
CEO Webcast
Click here
Keyword Search
Enter Keyword
--------------------------------------------------
Trading Center
--------------------------------------------------
Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither FreeRealTime.com nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By accessing the FreeRealTime.com site, a member has agreed to the FreeRealTime.com Member Agreement.
Copyright © 1998-2001 FreeRealTime.com, Inc. All rights reserved.
User Agreement, Privacy Statement, Disclosures, Version 3.00
