Bill just got a whole lot richer...
By Joe Wilcox
Published: 18 October 2002 09:05 GMT
Microsoft blew away analysts' estimates for its first fiscal quarter, once again buoyed in part by a controversial corporate licensing plan.
The software giant reported net earnings of $2.73bn, or 50 cents per share for the quarter, ended 30 September, compared with $1.28bn, or 23 cents per share, a year earlier.
Revenue grew 26 per cent to $7.75bn, from $6.13bn in the same period last year. Sequentially, sales jumped from $7.25bn in the fourth fiscal quarter.
Microsoft took a $291m charge to cover investment impairment, which affected results by five cents per share.
A consensus of analysts polled by First Call anticipated earnings of 43 cents per share. In July, Microsoft projected revenue between $7bn and $7.1bn, with earnings of around 41 cents to 42 cents per share for the quarter.
Joe Wilcox writes for News.com
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