Microsoft announced revenue of $15.06 billion for the fiscal quarter ended Sept. 30, 2008, a 9% increase over the same period of the prior year.
Operating income, net income and diluted earnings per share
for the quarter were $6.00 billion, $4.37 billion and
$0.48, respectively.
Microsoft showed particular strength in multiyear annuity
sales, which grew more than 20% during the quarter from the
combined businesses of Client, Microsoft Business Division
and Server and Tools.
Microsoft SQL Server 2008, Microsoft Hyper-V Server 2008
and the first service update to Microsoft Dynamics CRM
Online are among the key product and services that helped
Microsoft report a strong 1Q.
Microsoft?s business outlook reflects a balance of risks
and the likelihood of a continued economic slowdown. The
trends seen late in the first-quarter are now forecasted to
continue, whereas previous expectations were for the
economy to improve in the second half of the fiscal year.
In this economic environment, Microsoft said that it was
focused on three main actions; working with customers to
provide high value products at the lowest total overall
cost of ownership, increasing focus on expense management
and targeting investment into the highest priority
strategic opportunities.
Microsoft management offers the following guidance for the
quarter ending Dec. 31, 2008:
- Revenue is expected to be in the range of $17.3 billion
to $17.8 billion.
- Operating income is expected to be in the range of $6.1
billion to $6.4 billion.
- Diluted earnings per share are expected to be in the
range of $0.51 to $0.53.
Management offers the following guidance for the full
fiscal year ending June 30, 2009:
- Revenue is expected to be in the range of $64.9 billion
to $66.4 billion.
- Operating income is expected to be in the range of $24.4
billion to $25.5 billion.
- Diluted earnings per share are expected to be in the
range of $2.00 to $2.10.