Microsoft's 2nd-quarter profit jumped by 29%, topping Wall Street estimates

Article Abstract:

Microsoft reports a 29% increase in profit for its 2nd qtr ending Dec 31, 1994. The company's net income rose to $373 million, or 60 cents a share for the 2nd qtr, up from $289 million, or 48 cents a share for the same period a year earlier. Revenue was also up, climbing 31% to $1.48 billion from $1.13 billion. Gross profit margins also were on the upswing, up to 85% from 83.6% for the same period a year earlier. The financial results surpassed Wall Street analysts' predictions for the software giant. Analysts had expected per-share earnings of approximately 57 cents. Company officials attributed the quarterly gains to sale surges in all the company's major product lines, including Microsoft Office, an integrated software package. Christmas purchases also helped boost sales in the company's consumer division, which includes the Microsoft Encarta CD-ROM encyclopedia.

Computer Software, Software Publishers, Software, Profit Margin

---

Microsoft estimates revenue rose 34% in its 1st period, surpassing expectations

Article Abstract:

Microsoft Corp will likely report 1st qtr revenue 34 percent higher than in 1988. Microsoft estimates revenue for 1st qtr ended Sep 30, 1989, to be about $235 million, compared with 1988's 1st qtr performance of $176 million. Microsoft's estimate comes at a time when other companies in the computer industry are not doing as well as expected. One analyst predicts that Microsoft will surpass the $1 billion mark by the end of 1989, compared with 1988 year-end revenue of $803.5 million. Although Microsoft will not report on individual products' sales, analysts suggest that the Excel and Word applications and the Windows operating system have performed especially well. Microsoft's announcement that it would exceed its own revenue estimates prompted a stock surge of $6.50 per share, bringing the price of Microsoft stock to $75.50.

Profits, Estimation, Profit, First Quarter

---

Daisy Systems says fiscal 1989 loss was $140.1 million

Article Abstract:

Daisy Systems Corp will post a $140.1 million loss for FY 1989 ended Sep 30 on revenue of $153.7 million. The computer-aided engineering system manufacturer blames the acquisition of Cadnetix for its financial difficulties, but analysts also point to competition with such manufacturers as Mentor Graphics Corp as another reason for Daisy's poor financial picture. The $140.1 million loss is no surprise to either Daisy or its investors; Daisy had posted losses in every quarter of 1989, culminating in a $20 million 4th qtr loss. Losses include charges of $133.8 million for costs connected with the acquisition of Cadnetix. Daisy is currently attempting to resolve its liquidity problems.

Computer-aided engineering, Computer aided engineering, Financial Stability, Losses, Daisy Systems Corp., DAZX

Similar abstracts:

• Abstracts: Properties of standardized time series weighted area variance estimators. Asymptotic properties of some confidence interval estimators for simulation output
• Abstracts: Micron Technology's plummeting profit shows perils of battling chip behemoths. Micron Technology earnings plunged in fiscal 1st period
• Abstracts: Microsoft's Mr. Inside on outside. Gates reveals a warming in IBM-Microsoft cold war. Computer industry conference is scene of heated dispute
• Abstracts: Control Data says it may repurchase debt soon, seeks alliances with others
• Abstracts: Survival of Cray's spinoff will depend on creativity and longevity of designer. Cray Research says it plans to lay off 400

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.