IBM, Microsoft, Veritas and Allaire post results

IBM, Microsoft, Veritas and Allaire post results

As the Taxman looms near in Australia, overseas companies are announcing Q2-calender and Q4-fiscal results.

Microsoft Sees Profits Soar in Q4

Kicking off proceedings Microsoft's fourth-quarter and fiscal 1999 results topped Wall Street expectations this week, but the software giant warned of an expected slowdown in the year ahead.

Net income for the quarter, which ended June 30 was $US2.2 billion (all figures are in US dollars), or 40 cents per diluted share, up 60 percent from the 25 cents per share it reported a year ago. Revenues for the fourth quarter were $5.76 billion, up 39 percent from the same period a year ago.

IBM Posts Healthy Q2 Earnings

IBM posted strong earnings in its second quarter financial report, showing earnings of $1.7 billion, compared with $1.5 billion in the second quarter last year.

Revenues for the quarter, ending June 30, rose 16 percent to $21.9 billion from $18.8 billion.

Earnings per share totalled 91 cents up from 75 cents in the second quarter last year, a showing that beat Wall Street estimates.

Mergers see Veritas report good Q2 resultsFollowing its mergers with Seagate Software NSMG and TeleBackup Systems, Veritas Software recorded massive pro forma revenues for the 6-month period ending June 30.

The Company achieved second quarter revenue of $155.7 million, an increase of 70 per cent over last year's second quarter revenue of $91.6 million.

Allaire hits records for Q2

The Web application platform vendor reported revenues for Q2 of $13.1 million up 172 per cent on the same period last year of $4.8 million.

Also on the acquisition trail Allaire posted lower net losses for the quarter at $213,000 for Q2 compared to the same period last year at $3.8 million.

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