Microsoft profits up, Intel down slightly

Microsoft Tuesday reported a net profit of US$2.79 billion, or 26 cents per share, for its fiscal third quarter, which ended March 31. That compares with $2.74 billion, or 25 cents per share, for the same period last year.

Analysts surveyed by Thomson Financial/First Call had forecast a profit of 24 cents per share.

Intel's first quarter 2003 earnings were slightly down compared to the same period last year, as higher demand for its processors was offset by lower demand for its flash memory products, Intel said in a release Tuesday. The company did manage to exceed Wall Street's expectations for the quarter.

Microsoft's revenue rose to $7.84 billion from $7.25 billion in the third quarter of 2002, compared with the $7.75 billion projected by analysts.

"We reported another quarter of strong revenue and operating income results in a very tough environment," said John Connors, Microsoft's chief financial officer, in a statement.

"While there is obviously a great deal of economic uncertainty ahead, our ongoing investment in R&D has resulted in a broad product pipeline, including upcoming releases of Windows Server 2003, Visual Studio.Net 2003, Exchange 2003 and Office 2003. We believe that these innovative products will enable our customers to get more productivity and value out of their IT investments," Connors said.

Microsoft said revenue for its fourth quarter, which ends on June 30, is expected to be in the range of $7.8 billion to $7.9 billion. The company said operating income is expected to be between $3.1 billion and $3.2 billion, while earnings per share are projected at 23 or 24 cents.

Intel's revenue for the first quarter was $6.75 billion, down slightly from revenue of $6.78 billion in the first quarter of 2002. Net income was $915 million, also down from $936 million in the first quarter of last year. The Santa Clara, Calif., company reported earnings per share of 14 cents.

Analysts surveyed by Thomson First Call had predicted the company would post earnings per share of 12 cents and revenue of $6.69 billion.

Second-quarter revenue is expected to come in between $6.4 billion and $7.0 billion, although Intel hedged its predictions by noting in its release that "continued uncertainty in global economic conditions makes it particularly difficult to predict product demand and other related matters."

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Linda Rosencrance

Computerworld
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?