Deferred revenue, or uncounted revenue from long-term orders or sales, fell to $ 1 . 38 million from $ 3 . 26 million in the quarter ending Dec . 31, 1996.
42.
Internal resource generation ( which the company defines as profit after tax plus depreciation plus deferred revenue expenditure ) rose from Rs143 crore in 1993-94 to Rs658 . 3 crore in 1996-97.
43.
This could prove rocky for the company, analysts said, as evidenced by the lack of deferred revenues as well as increased marketing and operations costs on its current CD-ROM software and systems.
44.
The drop in so-called " deferred revenue " _ money received for contracts that will be counted toward its earnings over time _ was about $ 450 million lower than the company anticipated.
45.
What was historically accounted for as a reduction in revenue will be restated as an interest expense, and what was recorded as deferred revenue will be recorded as long-term debt, a spokeswoman said.
46.
Deferred revenue also fell to $ 9 . 9 million from $ 12 . 7 million in the fourth quarter, which may indicate the company is using the deferred revenue to meet estimates, Faig said.
47.
Deferred revenue also fell to $ 9 . 9 million from $ 12 . 7 million in the fourth quarter, which may indicate the company is using the deferred revenue to meet estimates, Faig said.
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Michael G . Kerrison, System Software's general manager, global marketing, said in an interview he is almost certain that the deferred revenue would be recognized in fiscal 1997, although he declined to offer a quarterly breakdown.
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Microsoft's deferred revenue is made up of $ 860 million from Windows operating systems; $ 300 million from the Office programs; $ 253 million from maintenance and subscription and $ 5 million from coupons for free upgrades.
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Microsoft is considered ahead of the software market in using deferred revenue, which is viewed as more conservative accounting and is under consideration as a proposal by the American Institute of Certified Public Accounts for software companies.