Microsoft voices confidence it can grow in face of changes
Article Abstract:
Microsoft meets with Wall Street analysts as it tries to persuade them the the company has a sound Internet strategy and that it will be able to continue the pace of growth it showed in FY 1996. For the year, Microsoft revenues rose 46%, while earnings surged 48%. Microsoft executives express excitement and confidence in their Internet strategy, although they provide few details. Analysts say the company is handling the transition well, but it has yet to translate its initiative into a new line of products. On the product front, Microsoft is shipping Windows NT 4.0, which is designed to compete in the Unix market . The company claims NT 4.0 runs 40% faster than previous versions and incorporates the Windows 95 interface. Microsoft's new subscription model for selling software has allowed the company to defer $560 million in 1996, and it may be able to defer as much as $1 billion to $1.5 billion in 1997. The company also makes 15 of the 100 best-selling consumer packages.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Microsoft and the Web: making critical mass pay
Article Abstract:
Software industry observers believe Microsoft's decision to include Web capabilities in its Windows 95 operating system will affect the entire industry. Microsoft holds 80 percent of the PC operating system market. The company plans to abandon its traditional 'folder and file' organization system because it is too cumbersome for use over the Web. Microsoft plans to introduce its Internet Explorer 4.0 Web browser software by the end of summer 1996. The software will be free and will be integrated into future versions of Windows 95. The move is expected to bring PC users into the era of multimedia. Microsoft will also incorporate the Web's HTML into the operating system, making it easy for users to add graphics, video and audio to their files. The new technology will make it much easier to locate information through the use of powerful search engines. Microsoft competitors Netscape and Apple are developing similar technologies.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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Microsoft tops expectations with 52% rise in net income
Article Abstract:
Microsoft's earnings for its 4th qtr ending Jun 30, 1996, increased 52 percent and its revenues increased 39 percent to $2.26 billion. Net income of $559 million rose 52 percent over last year's same quarter. The results were slightly higher than analysts' expectations, but the price of Microsoft's stock declined on the news. The stock price dropped $1.234 and closed at $119.75 on a day when technology stocks were down in general. Microsoft's FY results show a 51 percent net income increase to $2.20 billion and a 46 percent increase in revenues to $8.67 billion. The company's primary revenues areas are operating systems, applications programs and corporate sales. The company's growth is expected to slow during summer 1996 as software buyers wait for the shipment of Office 97 in November.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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