MSFT Presentation MS/NSDQ London Conference
Posted on December 5, 2006
Chris Liddell gave a fairly dull “shareholder value” oriented presentation. They did talk about 13-15% revenue growth driven by near-term release of flagship products Vista, Office and Exchange. This is better than the 8-11% growth they posted for FY05 and FY06.
There was little content related to long-term growth or useful metrics. The issue I have is that the slide on product innovation starts with a Windows client refresh and fans out through business applications, server software and tools, entertainment and devices and online. All of these areas have a pretty poor line up of new products to get excited about. It’s a very portfolio-oriented approach to innovation and driving the business.
Operating margins will be down a bit due to investments as follows: $1B for higher growth products and businesses, $500M to develop online services, $450M in Sales, $450M in extra marketing and launch expenses and $300M for acquisitions.
All and all a typical Microsoft message. Not much to get excited about.
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