Posted on 06/30/2011 12:02:16 PM PDT by SeekAndFind
Microsoft stopped giving forward guidance a couple years ago when the company hit a rough patch, but yesterday at a Rotary event in Seattle, CEO Steve Ballmer spilled some rough figures about the company's 2011 fiscal year, which ends today.
As reported by GeekWire's John Cook, who was at the event, Ballmer said:
There’s a reason why we’ll do almost $70 billion in revenue this year, and we will make over $20, whatever, $26, $27 billion in profits.
That $70 billion would be a 12% increase from last year's revenue of $62.5 billion, and would mean a quarterly revenue figure of $17.4 billion, which is up about 9% from last year's Q4.
The profit figure refers to operating income. If it comes in at $27 billion, that would be a 12% increase from last year and mean a quarterly operating profit of $6.0 billion, which is about flat from last year.
All of these are rough numbers of course -- not official guidance -
(Excerpt) Read more at businessinsider.com ...
it seems with all the hype of Apple, microsoft is have some solid, yet unglamorous years.
So now the Rotarians are “insiders”???
Wat a stupid disclosure for Ballmer to make in a non public venue!
Balmer is soon to become better acquianted with the SEC?
It’s too early to tell for this year. What if they hit a rough quarter in the second half?
Admittedly they are still the King of the Hill in the OS business, but we shall see in the long term...
Not that hard to estimate when there are only a few hours left in their fiscal year.
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