Microsoft Profit Down 32%: Revenues Down More Than Expected
2009 April 23
Microsoft reported earnings today and the news was not good.
Microsoft’s net income fell 32% to $2.98 billion, or 33 cents per share, for the quarter ended March 31.
Revenue fell 6% to $13.7 billion, below most analysts’ expectations of $14.1 billion.
Microsoft said weakness in the global PC and server markets negatively impacted its results.
“While market conditions remained weak during the quarter, I was pleased with the organization’s ability to offset revenue pressures with the swift implementation of cost-savings initiatives,” said Microsoft finance chief Chris Liddell, in a statement. “We expect the weakness to continue through at least the next quarter.”
Microsoft is up over 3% in after hours tradings
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Wow dis MS blow it with Vista. They could have just written Apple a check it would have been faster.
JP
Plus think of all the money Apple would have saved not running all those commercials telling people how lousy Vista is.