Microsoft posts record earnings

Microsoft posts record earnings

Microsoft on Tuesday reported record yearly earnings for the 12 months to June 2000 of $US22.96 billion, tagging the results to rebounds in Asia and increased revenue in its consumer business.

The company expressed satisfaction with sales of Windows 2000, its newest operating system, but said the largest surge in adoption is still three months away.

The earnings represent a 16 per cent increase over the $19.75 billion in revenue reported last year. For the quarter which ended June 30, Microsoft reported revenue of $5.08 billion, or 44 cents a share in diluted earnings.

The numbers represent a 10 per cent increase over the earnings of $5.76 billion and 40 cents per share in the same quarter last year. Net income for the quarter was $2.41 billion, compared to $2.20 billion in the same quarter a year ago. The numbers were bolstered by revenue gains of 21 per cent in Asia and a 34 per cent gain in the consumer space.

Steve Thomson, director of finance for Microsoft's local operations, said the Australia/New Zealand figures were in line with US results and that local channels are benefiting from the software giant's growth.

Revenues from the retail market were "incredible", he said, while local systems builders and global OEMs also had "a very strong quarter" for MS in Australia.

Meanwhile, its "large account resellers", of which there is "a little over 20" in Australia/New Zealand, managed to sign "large numbers of enterprise licensing agreements" for Exchange 2000 and SQL 2000, according to Thomson.

"Outside of the Windows launch quarters it was records all around and June was particularly strong," Thomson said of local results. "The returns from systems builders in the US were quiet but here in Australia it was a Windows 2000 quarter-like result."

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