Microsoft Eyes Strong 2003
Microsoft expects to head into next year with a flourish, forecasting an 11 to 13 percent growth in overall revenue.REDMOND, WASH.Microsoft Corp. executives told investors Thursday the company is poised to take advantage of its leadership position in finances, technology and people skills to carry into the next year with a flourish. Chief Financial Officer John Connors said the company grew its net income by 7 percent last year and gained more than 5,000 employees during a period when other companies were cutting staff. During fiscal year 2002, led by Windows XP, Microsofts desktop platforms grew $9.3 billion, or 16 percent; desktop applications grew $9.6 billion, or 1 percent; enterprise systems grew $5.1 billion, or 6 percent; and consumer and other business grew $4,4 billion, or 51 percent, he said.
Connors said he expects to see a 7 to 8 percent growth in 2003 over the $9.4 billion in revenue generated from client systems. For Windows CE and related applications, Connors said he anticipates a growth rate of 14 percent over the $60 million generated during 2002. Knowledge worker applications will grow 10 percent from the $10 billion in 2002, business solutions 76 percent to 92 percent over the $30 million in 2002. Meanwhile, server sales are expected to grow between 13 and 18 percents next year over the $4.4 billion in 2002. And MSN will grow 18 to 22 percent more than the $1.8 billion from 2002.