Microsoft Cruises On PC Growth - InformationWeek

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Microsoft Cruises On PC Growth

Microsoft's second-quarter revenue sailed ahead 19% on the strength of robust PC sales, and the company raised its revenue estimate for the year. But a big charge for paying employees with stock sank earnings by 17%. For the quarter ended Dec. 31, Microsoft's net income was $1.6 billion on revenue of $10.2 billion. But a program that replaces employee stock options with equity awards drained $2.2 billion from earnings.

Microsoft estimated that PC shipments rose 12% during the quarter and forecast low-double-digit growth for the 2004 fiscal year, ending in June. When the vendor reported first-quarter results in October, it expected only a high-single-digit rise. CFO John Connors said server shipments also topped Microsoft's forecast.

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