Microsoft Weighs Challenges Ahead
Microsoft on Tuesday gave an assessment of the challenges it faces, including the threat posed by Linux and open-source software.Microsoft Corp. on Tuesday gave an assessment of the challenges it faces, including the threat posed by Linux and open-source software. In a teleconference with the media and analysts on Tuesday to present the Redmond, Wash., companys third-quarter financial results John Connors, Microsofts chief financial officer, said Microsoft is still committed to the broad range of investments it deemed imperative at the start of the year to secure the companys long-term health. "But, as a company, we could perhaps have done a better job of predicting the seasonality and impact of some of these investments, which is why you see a bit of a bump in operating expense for the fourth quarter," he said.
But the company is in a far better financial position ending the current financial year than it was at the outset of the year. And while from a macroeconomic standpoint the company is exiting a difficult year and entering one of uncertainty, its revenue has held up well so far in fiscal 2003, he said.