07/20: Microsoft Reports Q4 2007 Earnings
Posted by Patrick
From the press release:
How did they against estimates:
They also offered this guidance:
Plenty of analysis: Todd Bishop on hiring, Nathan, Harrison Hoffman and Mary Jo Foley on the Online Systems Business, Martin LaMonica and Jay Greene.
Microsoft Corp. today announced revenue of $13.37 billion for the quarter ended June 30, 2007, a 13% increase over the same period of the prior year. Diluted earnings per share for the quarter were $0.31. Excluding $0.08 of previously announced charges primarily related to Xbox 360™ warranty policies, earnings per share would have been $0.39, an increase of 26% over the same period of the prior year when also adjusted for certain items.
For the fiscal year ended June 30, 2007, Microsoft announced revenue of $51.12 billion, a 15% increase over the prior year. Diluted earnings per share for the year were $1.42. Excluding certain items, earnings per share would have been $1.49, an increase of 17% over the prior year when also adjusted for certain items. $31 billion in cash, or approximately 175% of operating cash flow, was returned to shareholders during the year through share buybacks and dividends.
For the fiscal year ended June 30, 2007, Microsoft announced revenue of $51.12 billion, a 15% increase over the prior year. Diluted earnings per share for the year were $1.42. Excluding certain items, earnings per share would have been $1.49, an increase of 17% over the prior year when also adjusted for certain items. $31 billion in cash, or approximately 175% of operating cash flow, was returned to shareholders during the year through share buybacks and dividends.
How did they against estimates:
Excluding this [Xbox] charge, Microsoft earned 39 cents per share, in line with analysts' expectations, according to Thomson Financial.
Total revenue grew 13 percent to $13.37 billion from $11.80 billion last year, just ahead of Wall Street's estimate of $13.27 billion.
Total revenue grew 13 percent to $13.37 billion from $11.80 billion last year, just ahead of Wall Street's estimate of $13.27 billion.
They also offered this guidance:
Microsoft management offers the following guidance for the quarter ending September 30, 2007:
• Revenue is expected to be in the range of $12.4 billion to $12.6 billion.
• Operating income is expected to be in the range of $5.0 billion to $5.2 billion.
• Diluted earnings per share are expected to be in the range of $0.38 to $0.40.
Management offers the following guidance for the full fiscal year ending June 30, 2008:
• Revenue is expected to be in the range of $56.8 billion to $57.8 billion.
• Operating income is expected to be in the range of $22.2 billion to $22.7 billion.
• Diluted earnings per share are expected to be in the range of $1.69 to $1.73.
The foregoing guidance does not include the impact of currently undetermined costs associated with Microsoft’s acquisition of aQuantive, Inc., which is expected to close in the quarter ending September 30, 2007.
• Revenue is expected to be in the range of $12.4 billion to $12.6 billion.
• Operating income is expected to be in the range of $5.0 billion to $5.2 billion.
• Diluted earnings per share are expected to be in the range of $0.38 to $0.40.
Management offers the following guidance for the full fiscal year ending June 30, 2008:
• Revenue is expected to be in the range of $56.8 billion to $57.8 billion.
• Operating income is expected to be in the range of $22.2 billion to $22.7 billion.
• Diluted earnings per share are expected to be in the range of $1.69 to $1.73.
The foregoing guidance does not include the impact of currently undetermined costs associated with Microsoft’s acquisition of aQuantive, Inc., which is expected to close in the quarter ending September 30, 2007.
Plenty of analysis: Todd Bishop on hiring, Nathan, Harrison Hoffman and Mary Jo Foley on the Online Systems Business, Martin LaMonica and Jay Greene.
