News

Microsoft Revenues Up, Profits Down

Microsoft on Thursday announced record revenues of $10.5 billion for the quarter ended Dec. 31, 2001, but the company posted lower profits than it did for the year-ago period.

Microsoft officials attributed the revenues, a 19 percent increase over the $8.54 billion of the same three-month period in 2002, to growth in both consumer and corporate demand.

"Consumer and corporate demand for PCs continued to exceed our expectations and resulted in solid double-digit revenue growth for Windows XP and Office products," John Connors, chief financial officer at Microsoft, said in a statement. "The overall corporate IT market also began to show signs of a recovery, with increased demand for both desktop and server products."

Microsoft's earnings were down from $1.87 billion in its second quarter last year to $1.48 billion this year. The results included a stock-based compensation expense of $2.17 billion after taxes, more than half of which went to the completion of the employee Stock Option Transfer Program.

With the Office 2003 launch coming during the second financial quarter (Microsoft starts its fiscal year in July), Microsoft's Information Worker revenue grew 27 percent over the previous year.

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • What Does Office 365 Support for New Surface Hardware Actually Mean?

    Microsoft has spilled a lot of ink touting the ways that its new Surface-branded peripherals will be bring Office 365 features to life.

  • Azure Active Directory ID Protection 'Refresh' Now Available

    Microsoft's enhancements to the Azure Active Directory Identity Protection service are now said to be "generally available" (GA), or ready for commercial use, per a Wednesday announcement.

  • Microsoft Releases Windows 10 Version 1909

    Microsoft on Tuesday announced the release of Windows 10 version 1909, a new operating system product that's also known as the "Windows 10 November 2019 Update."

  • November Microsoft Security Bundle Addresses 75 Vulnerabilities

    Of that number, 13 vulnerabilities are rated "Critical" to patch, while 62 vulnerabilities are deemed "Important."

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.