Chris Liddell Growth Quotations

Revenue growth of 29% in the business group that have had recent product launches demonstrates our ability to choose the right places to focus our innovation efforts and make investments.

We are now accelerating our investments in the business to drive future growth, which is reflected in our financial guidance. We believe next fiscal year will deliver even stronger double-digit (percentage) revenue growth than this year.

We have made a strategic decision with respect to next year that, given the set of opportunities and the revenue growth potential we see, we're willing to make that trade-off.

We remain confident in our growth prospects and have an exciting product line-up, which includes major releases like Xbox 360, SQL Server 2005, Office 12 and Windows Vista.

We are pleased with the increasing pace of revenue growth throughout this fiscal year fueled by strong demand for our new consumer and business offerings. We are now accelerating our investments in the business to drive future growth, which is reflected in our financial guidance. We believe next fiscal year will deliver even stronger double-digit revenue growth than this year.

A lot of that inherent growth in Australia, and strength in the economy, has helped keep those housing volumes up, but we would say by the end of this year or the beginning of next year, all other things being equal, for it to come off slightly.

The growth in our core businesses was healthy during the quarter driven by strength in Server and Tools, and the success of our Windows Client products in a robust PC market.