Friday, July 18, 2003

Microsoft Reports Fourth Quarter Earnings

Microsoft Reports Fourth Quarter Earnings "The company also announced revenue of $32.19 billion for the fiscal year ended June 30, 2003, a 13 percent increase over the $28.37 billion reported last year. Operating income was $13.22 billion, compared to $11.91 billion in the prior fiscal year. Net income for fiscal year 2003 was $9.99 billion and diluted earnings per share were $0.92, which included after-tax charges for investment impairments of $0.07, charges related to legal settlements of $0.06, and a one-time tax benefit of $0.01. For the previous year, net income and diluted earnings per share were $7.83 billion and $0.70, which included after-tax charges for investment impairments of $0.26, charges related to legal settlements of $0.04, and a gain on the sale of Expedia of $0.08.
Server Platforms had strong revenue growth of 17 percent compared to the fourth quarter of last year, fueled by 24 percent growth in Windows Server (TM) revenue and 34 percent growth in Microsoft® SQL Server (TM) revenue. In addition, the company reported increasing demand for enterprise editions of its core server products, as customers continue to turn to Microsoft for their mission critical workloads. In the fourth quarter, Microsoft launched the Windows Server 2003 family of products, which is already seeing strong customer adoption."
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