Microsoft gives peek at financial forecast
eWeek | at | by Mike
Microsoft Corp. on Thursday painted a sober picture of the global economy and its own financial outlook, saying there are a number of assumptions and risks that investors need to be aware of. In a teleconference with the media and analysts on Thursday to present the Redmond, Wash., company's second-quarter financial results, John Connors, Microsoft's chief financial officer, said Microsoft has built at least seven important assumptions and risks into its financial forecast.
These include building a sales pipeline for fiscal 2003 and beyond. While Microsoft will continue to add significant resources to its field and partner-led sales effort for the rest of the year, it expects this effort to only yield results in fiscal 2004.