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Wired: Surprise! Microsoft Made Piles [in Quarter ending 9/30]

Oct 19, 1999, 22:17 (5 Talkback[s])

"Microsoft Corp. profits, boosted by an 'awesome' demand for personal computers, jumped 30 percent last quarter, easily beating expectations... The world's biggest software company posted net income of US$2.19 billion, or 40 cents per diluted share, for its fiscal first quarter ended 30 September, up from $1.68 billion or 31 cents a share a year earlier. Revenues rose 28 percent to $5.38 billion from $4.19 billion."

"In a news release headlined with a reference to 'Awesome PC Demand,' Redmond's chief financial officer, Greg Maffei, credited strong corporate demand for the Office 2000 upgrade package, as well as the Windows NT Server system and BackOffice network applications.

'It does not appear that Y2K had a significant impact on results,' he said, referring to concerns about a slowdown ahead of the year-end date changeover."

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