NEWS - Wednesday, April 16, 2003


Microsoft Earnings Up On Xbox

Microsoft on Tuesday reported better-than-expected earnings and revenues but the world’s largest software company lowered its guidance for results in its fiscal year ending June 2004. John Connors, chief financial officer, said the company planned to invest aggressively in the government and academic markets, as well as small and medium-sized companies, and reach out to developers. Microsoft also revealed it had amassed $46bn in cash and short-term investments, mostly thanks to strong performances from its Windows operating system, Office productivity suite and server products. The strong quarterly results will come as a relief for technology investors, following a series of profits warnings from other leading software vendors, such as Siebel Systems and PeopleSoft. Six of Microsoft’s seven divisions posted higher revenues. The exception was the home and entertainment division, which includes the Xbox games console, which has had disappointing sales. Microsoft shares had closed down 0.5 per cent at $24.61 on Tuesday, but in after-hours trading they jumped 4.3 per cent to $25.66. "We feel good about how we ended the quarter. This is a tough environment in both the consumer and enterprise space and we are not expecting a significant improvement next financial year," Mr Connors said in an interview with the Financial Times. The group posted earnings of $2.79bn, or 26 cents a share, compared with $2.73bn, or 25 cents a share. The results would have been better except for a 36 per cent fall in investment income from $739m to $472m because there were no large disposals this year. Revenues rose 8 per cent to $7.84bn, boosted by $200m due to the dollar’s weakness. Consensus forecasts had been for earnings of 24 cents a share on revenues of $7.75bn. For the current quarter, Microsoft predicted revenue would be between $7.8bn and $7.9bn, while earnings per share would be between 23 cents and 24 cents, in line with expectations. For the year ending June 2004, the group said it should achieve sales of $33.1bn-$33.8bn and earnings per share of $1.04-$1.06. That is lower than consensus forecasts of $1.08 per share on revenues of $34.9bn. Revenues of Microsoft’s largest business, the client division which includes Windows, rose 10 per cent to $2.53bn. The information worker business, which includes Office, generated sales that rose 9 per cent to $2.3bn.
Source: http://www.xbox.com/

Site Statistics

Registered Members: 52,523
Forum Posts: 725,928
Xbox One Titles: 3,696
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 586
Original Xbox Titles: 987
Staff Reviews: 2,189
Member Reviews: 10,339
News Articles: 16,108
Screenshots: 35,368
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News






No Longer Home Is Out Now

No Longer Home Is Out NowCentered around the lives of two roommates from South London, Ao and Bo, No Longer Home follows their deeply personal journeys as they graduate university and prepare for the next stage of their lives – apart.



See News Archives

Community Forum Activity

2021: XBA is still here
Post by shrew king
2 Replies, 17053 Views

Watch Dogs: Legion
Post by Nato King
0 Replies, 33452 Views

Xbox Series X or S
Post by Nato King
5 Replies, 46135 Views

Spellbreak Grand Magus Pack (3) and Starter Pack (7) Giveaway!
Post by Variation-XBA
0 Replies, 38568 Views

I pay $ 1000! I search the Element 54 Canadian launch Team signaturen Faceplate
Post by Smill
0 Replies, 38934 Views

Xbox one no signal
Post by debrartin
0 Replies, 56273 Views

do you remember?
Post by SnoochyBoochy
3 Replies, 58694 Views

i haz xbox
Post by SnoochyBoochy
0 Replies, 50845 Views

Claiming the first thread of 2020
Post by Kraft
7 Replies, 82859 Views

Important! I pay $ 1000! I search the Sweden launch and the Element 54 Faceplate
Post by Smill
3 Replies, 42111 Views

Squad Up
Post by samslophead
0 Replies, 92553 Views

TERA Skinned Xbox One X Giveaway!
Post by Variation-XBA
0 Replies, 67901 Views

Starfield Release expectations?
Post by DJ tx
4 Replies, 128169 Views

Issue with Xbox live on Xbox home
Post by rcmpayne
0 Replies, 87589 Views

Happy Birthday, Me.
Post by SnoochyBoochy
4 Replies, 108727 Views

© 2000-2021 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics