Apple Reports Second Quarter Results

Apple continues to be on a roll, financially.

Apple announced financial results for its fiscal 2000 second quarter and posted a net profit of $233 million, or $1.28 per diluted share.

Revenues for the quarter were $1.94 billion, up 27 percent from the year-ago quarter, and gross margins were 28.2 percent.

"We are thrilled with the quarter—especially the strong demand for our PowerMac G4s and new PowerBooks," said Steve Jobs, Apple's CEO. "In addition, Apple continued to strengthen its leadership in desktop movies with iMovie for consumers and Final Cut Pro for professionals."

Apple also announced today a two-for-one split of its stock. which will be completed in June 21, 2000.