Microsoft FY 2000 "What-if?

"
(In millions, except earnings per share)

Year Ended
June 30
1997 1998 1999
Revenue $11,936 $15,262 $19,747
Operating expenses:
Cost of revenue 2,170 2,460 2,814
Research and development 1,863 2,601 2,970
Acquired in-process technology -- 296. --
Sales and marketing 2,411 2,828 3,231
General and administrative 362 433 689
Other expenses 259 230 115
Total operating expenses 7,065 8,848 9,819
Operating income 4,871 6,414 9,928
Investment income 443 703 1,803
Gains on sales -- -- 160
Income before income taxes 5,314 7,117 11,891
Provision for income taxes 1,860 2,627 4,106
Net income 3,454 4,490 7,785
Diluted earnings per share * $ 0.66 $ 0.84 $ 1.42
Weighted average shares outstanding * 5,244 5,362 5,482
* Restated to reflect a two-for-one stock split in March 1999
Project 1997

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Project 1997

9,000

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 Charts

Revenue
Microsoft FY 2000 "What-if?" Chart
(In millions, except earnings per share)
(FY 2000 data is projected based on user inputs) $20,000
$17,500

1997 1998 1999 2000 $15,000

Revenue $11,936 $15,262 $19,747 $19,747 $12,500
Cost of revenue 2,170 2,460 2,814 0 $10,000
Research & development 1,863 2,601 2,970 2,970 $7,500
Sales & marketing 2,411 2,828 3,231 3,231
$5,000
General & administrative 362 433 689 689
Operating income $4,871 $6,414 $9,928 $ 12,857 $2,500
Net income $3,454 $4,490 $7,785 $ 13,013 $0
1997 1998
Earnings per share* $ 0.66 $ 0.84 $ 1.42 #DIV/0! 1999 20
* Restated to reflect a two-for-one stock split in March 1999

Revenue

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 Charts

Revenue

00
500
000
500
000
500
000
,500
$0
1997 1998 1999 2000

Revenue

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