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CNET NEws.com: Microsoft beats earnings expectations, but sales slow [in Quarter ending 3/31]

Apr 21, 2000, 01:13 (0 Talkback[s])
(Other stories by Stephanie Miles)

"The software giant and PC industry bellwether reported earnings of 43 cents, or $2.3 billion, on revenues of $5.66 billion. This is up 23 percent compared with the same period last year, when Microsoft reported 35 cents per share and $4.6 billion in revenue."

"The consensus of analysts polled by First Call expected the software maker to report earnings of 41 cents per share for its third fiscal quarter. The "whisper number," an unofficial, informal estimate, was 45 cents per share."

"Microsoft confirmed analyst speculation that sales to the corporate sector are slowing, with chief financial officer John Conners noting that demand for corporate PCs has "remained slow in the quarter." Microsoft's most profitable products, notably Windows 2000, are targeted at the corporate market."

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