|
by Alan Alper, MA Editorial Staff
Posted on Friday, January 27, 2006 5:29:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Enterprise applications business unit delivers an operating profit of $10 million on record revenues of $242 million -- a 17% increase from the year-ago period; cautions against continued black ink until fiscal 2007. |
Continuing its recent resurgence, Microsoft Corp.'s enterprise applications business operation posted fiscal second-quarter results yesterday that contained a nifty surprise: operating earnings of $10 million, on revenues that far exceeded earlier guidance. The Microsoft Business Solutions (MBS) results shocker came as the Redmond, WA software giant registered record revenues for the quarter ended Dec. 31, 2005 of $11.84 billion, a 9% increase from the like period in fiscal 2005 -- a figure that lagged analysts' optimistic expectations. Net income for the quarter reached $3.65 billion, up 5% from year-earlier period, slightly beating the consensus outlook. MBS, meanwhile, contributed to the record period with revenues of $242 million, matching a previous high-water mark for the business unit, achieved in the fiscal fourth quarter of 2005. Fiscal second-quarter revenues were up 17% from the year-earlier period, and were well above the 11% to 13% growth figure Microsoft projected in September with the release of its fiscal first quarter results. The $10 million operating profit compared favorably to the $29 million loss posted in the year-earlier period and the $12 million defict registered in the prior quarter. [Click to continue] |
|
|
|
|