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A bevy of technology companies reported healthy resultsyesterday, among them Microsoft, Computer Associates, and
leading customer-relationship management vendor Siebel
Strong PC sales, higher penetration of Windows NT on the
corporate desktop, and the launch of Office 2000 drove a 30%
increase in Microsoft's first quarter net income, the
company reported yesterday. Microsoft earned $2.19 billion
during its first quarter ended Sept. 30, compared with
profits of $1.68 billion in the first quarter of 1998.
Revenue climbed 28.4% during the most recent quarter, to
$5.38 billion, compared with $4.19 billion one year ago. And
operating income, which excludes a gain on Microsoft's sale
of its online MSN Sidewalk city guide business, rose 37% in
the first quarter. "The PC market remains very healthy,"
despite fears of overseas component shortages, said
Microsoft chief financial officer Greg Maffei during a
conference call with analysts.
Fueled by E-business growth, CA reported that revenue
increased 32% to $1.6 billion in its second quarter, ended
Sept. 30, compared to $1.2 billion reported in the previous
year. Net income was $334,468,000 vs. last year's net
income, which was just under $300 million. Second-quarter
operating earnings per share, excluding acquisition-related
amortization charges, were up 25% at 75 cents, compared to
year ago earnings of 58 cents.
In a statement released after the market closed, CA Chairman
and CEO Charles Wang said, "The rapid acceleration of global
E-business strategies is therefore a real boon for CA, as
more and more of our clients deploy back-end infrastructures
to support the explosive growth of E-business." CA software
for distributed systems increased 35% to $816 million in the
quarter, and infrastructure growth centered on the OS/390
platform increased 19% compared with last year's second
For its part, Siebel showed no signs of losing its grip on
the top spot in the CRM market, nearly doubling revenue for
its third quarter. The company posted $195.3 million in
revenue for the quarter ended Sept. 30, up from $104.2
million in the year-ago quarter. The company's profits rose
at an even higher rate, growing 114% from $14.1 million. CEO
Tom Siebel says he's optimistic the company can maintain a
high growth rate even as it nears the billion-dollar mark.
"I believe that we are on the verge of building one of the
world's great companies," he says. Siebel says the company
is unopposed in 39% of its sales opportunities.
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