Microsoft Posts Strong Earnings
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Microsoft Corporation announced today net income of $1.13 billion, and earnings of $0.85 per share for the quarter ended December 31, 1997.
This marks a 49% increase over the $0.57 earnings per share for the same quarter last year, according to the company. Microsoft also reports that revenues totaled $3.59 billion, a 34% increase over the $2.68 billion during the corresponding quarter last year.
In a statement released today, the company said the strength of European and OEM channels worked to offset recent Asian market weakness.
"European revenues were up 33% over the same quarter last year and OEM revenues expanded 40%," said Greg Maffei, chief financial officer. "But the news isn't all good, as revenues from Southeast Asia and the Far East declined 8% from the prior quarter. Economic weakness in these geographies clouds the outlook for calendar 1998."
During the fourth quarter, the software giant also announced significant alliances with Unisys, Silicon Graphics, and Tele-Communications Inc. (TCI).
Subsequent to the quarter's end, Tele-Communications Inc. (TCI) announced that it had signed an agreement to license a version of the Microsoft Windows CE operating system for a minimum of five million digital set-top boxes.