"Broad demand" for PCs helped to shoot up Microsoft's second quarter profit by 74 per cent, but the Seattle giant believes the growth will be shortlived.
Microsoft attributed much of the growth to the rush by corporates to protect against Y2K problems, but was cautious against similar figures for the rest of this year.
Said Greg Maffei, chief financial officer, "Results also spiked due in part to demand caused by Year 2000 concerns. We remained guarded about growth in 1999, given the likelihood that organisations will reduce their non Y2K related IT spending and the uncertain international economic outlook."
Profit ballooned to $1.98 billion, on revenue of $4.94 billion. Microsoft's consumer division enjoyed a seasonally good quarter for games and gaming devices, including the Encarta reference line.
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