The Register: Microsoft Q3 profits up ahead of Street expectations [via sale of MS investments] | Linux Today

The Register: Microsoft Q3 profits up ahead of Street expectations [via sale of MS investments]

Written By
Web Webster
Web Webster
Apr 22, 2000

“Net profits for the quarter reached $2.39 billion, up
from $1.91 billion for the same period last year. Those figures
translate into earnings of 43 cents a share and 35 cents a
share, respectively.”

“Mind you, just under a third of that – $885 million – came
from the sale of Microsoft investments
, hardly a core activity
for a software company. Discount such padding and the company’s
profit comes to $1.505 billion, or 27 cents a share.

Microsoft’s investment portfolio stood at $21.3 billion at the end
of the quarter – its cash reserves totalled $21.2 billion.”

“The company doesn’t appear to have mentioned the L-word, and
while Microsoft’s share of the OS market vastly outweighs Linux’s
share, it can’t have failed to have some impact, albeit a small
one.”

Complete
Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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