Microsoft's Connors predicts 'good profit growth' in 2005
SeattlePI | at | by Mike
Microsoft's profit growth will outpace any rise in sales next fiscal year as the company uses cost reductions to boost earnings, Chief Financial Officer John Connors said yesterday.
The company will post "good absolute profit growth" in fiscal 2005, which begins July 1, Connors said at a Goldman, Sachs & Co. software conference in Scottsdale, Ariz. Producing profit growth will be "easier" than revenue growth, he said.