Microsoft Achieves Record Quarterly Revenue
Jan 19, 2001, 00:13 (7 Talkback[s])
(Other stories by Barry Elad)
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By Barry Elad
The word out of Redmond today is that Microsoft
Corp. achieved record revenue of $6.59 billion for the quarter
ended Dec. 31, 2000.
This represents an 8 percent increase over the $6.11 billion for
the same quarter last year. Net income and diluted earnings per
share were $2.62 billion and $0.47.
According to Microsoft CFO John Connors, it was strong customer
demand for Windows 2000 Professional, Windows 2000 Server and
Microsoft's family of .NET Enterprise Servers that drove the
quarter's record results.
"We made outstanding progress against our competitors in
building mission-critical business solutions for large
enterprises," says the CFO.
Connors brings up such companies as BP Amoco plc, Danish
pharmaceutical manufacturer Novo Nordisk, and the US Army Medical
Command as the many recent examples of a broad range of customers
who are aggressively deploying Windows 2000 Professional as the
standard client operating system within their organizations.
On the .Net front, Microsoft also was able to bring on board a
wide range of customers. Such companies as Chase Manhattan,
Nationwide Insurance, Commonwealth Securities and Cinergy are using
components of the Microsoft .NET platform to build their enterprise
and Internet-based commercial applications.