Microsoft posts flat quarterly revenue; firm cites slower demand for corporate computers; profit tops estimate
Article Abstract:
Microsoft Corp. reported net income of $2.41 billion for the quarter ending June 30, 2000. Income for last year at the same time was $2.20 billion. Profit for the fiscal fourth-quarter was $9.42 billion, a rise from the previous year's $7.79 billion. Revenue was relatively flat at $5.80 billion compared the last year's $5.76 billion. The company blames the slow revenue growth on less demand for personal computers and businesses' decision to hold-off purchasing Windows 2000.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Microsoft readies a new 'Office' while renovating the old standby
Article Abstract:
Microsoft is employing a two-track strategy for its Office suite of business software in which it is developing a brand new version of the product at the same time that it is upgrading the old version. Microsoft is responding to declining sales in its flagship product which accounts for one-third of its revenue. It is yet to be seen whether the two teams of software developers will be able to cooperate with each other.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Microsoft adds features to its MSN Web software
Article Abstract:
Microsoft is releasing an update for its MSN Explorer software. Enhancements include a reformatted Web page viewer, a side window for personal information, Passport user-authentication sign-on, and improved Hotmail connections. The software is available free for download from the msn.com site. Microsoft claims 3 mil subscribers to the MSN service, compared to AOL's 23 mil customer-base. While the company continues to promote subscriptions to the site, it also wants to attract customers to the travel, auto puchase, and other retail areas of MSN. The changes to MSN are also being billed by the company as integral to its Microsoft.NET plan.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2000
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Comment about this article or add new information about this topic:
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