Microsoft again signals growth is leveling off; software firm to be 'happy' if fiscal 1993 revenue rises at only 25% pace
Article Abstract:
Microsoft Corp reports a 50 percent increase in annual revenue, to $2.76 billion, for the year ended Jun 30, 1992 while profits jumped 53 percent to $708 million, or $2.41 per share. Chmn William Gates, however, indicated that for fiscal 1993, the company's current level of profitability can not be sustained. Gates placed projected revenue growth at 25 percent. Microsoft expects its 1st fiscal qtr 1992 revenue to be lower than 1991's $815 million; company officials attribute the slower growth rate to less product updates. The company is looking toward products for new markets, including a multimedia encyclopedia, a database for Windows, a new Windows version and accounting software for small businesses. Work force increases will also slow to about 20- to 25 percent for the fiscal year, compared to an average of 40 percent over the years.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Microsoft's net climbed by 52% in the quarter; revenue rises 55%, sparked by an increase in sales of personal computers
Article Abstract:
Microsoft Corp reports that its net income is up 52 percent on a 55 percent increase in revenue for the fiscal 4th qtr, ended Jun 30, 1992. Income was $210.1 million, or 71 cents a share, which compares with $138.4 million, or 48 cents a share, in the same period a year earlier. Microsoft is doing well compared with other software companies. Microsoft's Windows graphical user interface (GUI) gives Microsoft an advantage in selling applications programs of various kinds. Prices for high-powered microcomputers that can run Windows have been falling, which has increased Microsoft's sales of its GUI. Microsoft did especially well during the quarter on sales of Windows 3.1 and Excel 4.0. Microsoft's stock closed down $1.75, at $70, on Jul 22, 1992.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Microsoft earnings increased by 57% in the 4th quarter
Article Abstract:
Microsoft Corp announces 4th qtr 1989 net income is up 57 percent and revenue is up 43 percent. The large profits are attributable in part to Microsoft's transition away from systems software and into the applications software market, which has a higher profit margin. Two applications doing well in the market place are the Excel spreadsheet and the word processing program Microsoft Word. Analysts wonder whether Microsoft can sustain its impressive growth through 1990, citing the introduction of Windows 3.0 in March as a positive sign.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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