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Microsoft Achieves Record Quarterly Revenue

Jan 19, 2001, 00:13 (7 Talkback[s])
(Other stories by Barry Elad)

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.

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