With the recession undercutting profits across the board, technology giant Microsoft has not been immune – the company”s fourth quarter profits of $13.1 billion marked a 17 percent decline from the same period of the previous year.
Yet the company”s enterprise content management software, SharePoint, has been the glimmer of light in the dark recession.
SharePoint revenue grew "at a double-digit clip," reported ZDNet, partly because of the increasing demand for content management solutions. The New York Times reported that SharePoint revenue surpassed the $1 billion mark last year.
"SharePoint is saving Microsoft”s Office business even as it paves the way for a new era of Microsoft lock-in," Matt Asay, an executive at open-source content management firm Alfresco, told the Times. "It is simultaneously the most interesting and dangerous Microsoft technology, and has largely caught its competitors napping."
With clients such as Ferrari, AirTran Airways and Jamba Juice, SharePoint has been called Microsoft”s "next big operating system," and has even spawned an entirely new industry of SharePoint support products, said the news provider.
Microsoft recently announced the latest version of the software, SharePoint 2010, which will be available in public beta form by the end of 2009.