Microsoft reports $8.2b in Q1 revenue

Microsoft reports $8.2b in Q1 revenue

Microsoft has reported first-quarter 2004 revenue of $US8.22 billion, up 6 per cent from the $US7.75 billion in revenue it booked in its first fiscal quarter last year.

The company said "robust consumer demand for PCs" as students returned to school was better than expected, while other divisions had similar successes.

Net income totalled $US2.6 billion for the quarter ending September 30, compared with $US2.04 billion one year ago, the company said.

The chief financial officer of Microsoft, John Connors, said in a statement that "while corporate IT spending was slow to improve this quarter, we saw strength across all of our consumer businesses, driving higher than expected revenue for the company".

The company also pointed to growth in its server and tools software, which it said grew 15 per cent from the year-ago quarter to $US1.87 billion.

Windows Server, Microsoft SQL Server and Microsoft Exchange all experienced double-digit revenue growth, the company said, with that growth driven by customers acquiring high-end enterprise editions.

Microsoft also issued guidance for the second quarter ending December 31, 2003, including revenue expected in the range of $US9.7 billion to $US9.8 billion.

Operating income was expected to be between $US3.2 billion and $US3.3 billion, including equity compensation expense of approximately $US1 billion.

Diluted earnings are expected to be $US0.23 to $US0.24 per share.

For the full fiscal year ending June 30, 2004, the company said it expected revenue to total between $US34.8 billion and $US35.3 billion, with operating income of $US11.4 billion to $US11.7 billion, including equity compensation expense of about $US4 billion.

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