Quarterly Earnings Announced

Microsoft revenues for the fiscal 2000 third quarter (ending Mar. 31, 2000) were US$5.66 billion, a 23% increase over the US$4.96 billion reported for the same quarter a year ago. Earnings per share were US$0.43. Revenue was lower than most analysts expected, and Microsoft said the drop was due to slow sales of business PCs through OEM channels. The company warned that the upcoming quarter is a "transition" quarter, as customers wait for a new consumer operating system and server applications, which are expected to ship in late summer or fall.

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