Sales and profit warning from Microsoft
Microsoft has now joined the list of companies that have issued a sales and quarterly warning for the second quarter of the current fiscal year. After that, Microsoft expects sales of 6.4 to 6.5 billion US dollars at the end of the quarter.
The earnings per share are only estimated at 0.46 to 0.47 dollars, which is significant is less than Microsoft expects. The CFO of Microsoft, John Conors, justifies the bad result with the current bad economic situation. The industry leader in software expects total sales of 25.2 to 25.4 billion US dollars for the fiscal year 2000/2001. Earnings per share should then be around $ 1.8 to $ 1.82.