dellite
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Jul 26, 2005, 6:04 AM
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Microsoft 2nd quarter 2005 results down
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Microsoft Corp. shares continued to slump, after the world's largest software maker reported fourth-quarter profits soared nearly 37 percent on brisk computer sales, continued strength in the server and tools market, and a big tax benefit.
For the three months that ended June 30, Microsoft said net income climbed to $3.7 billion, or 34 cents a share, up from $2.69 billion, or 25 cents, a share a year ago. Sales rose 9 percent to $10.2 billion, up from $9.3 billion a year ago. The results included a 9 cent per share tax benefit, a stock-based compensation expense of 3 cents per share and legal expenses of 5 cents a share.
For the fiscal year ending June 30, Microsoft reported earnings of $12.25 billion, or 1.12 cents a share, a nearly 50 percent increase from fiscal 2004, when its profit was $8.17 billion, or 75 cents a share. Revenue was $39.78 billion in fiscal 2005, up from $36.84 billion the previous year.
Liddell cited a bigger-than-expected uptick in demand for personal
computers, and double-digit growth in sales of servers and tools, as
well as Xbox consoles, video games and online game service
subscriptions. A 22 percent spike in Xbox sales narrowed the
company's losses in its home and entertainment division to $179
million, compared to $340 million a year ago.
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