Microsoft profit down 29% in weak computer market
Posted: 24 July 2009 0629 hrs
SAN FRANCISCO: Microsoft on Thursday reported that its latest quarterly earnings sagged 29 percent as revenues were dragged down by a weak global computer market.
Microsoft said its net profit for the quarter ending June 30 was 3.05 billion dollars, or 34 cents per share of stock, in what amounted to a 29 percent drop from the same period last year.
"Our business continued to be negatively impacted by weakness in the global PC and server markets," said Microsoft chief financial officer Chris Liddell.
"In light of that environment, it was an excellent achievement to deliver over 750 million dollars of operational savings compared to the prior year quarter."
Microsoft reported that its revenue in the recently-ended quarter dropped 17 percent to 13.1 billion dollars as compared to the same three months in 2008. - AFP/de
Posted: 24 July 2009 0629 hrs
SAN FRANCISCO: Microsoft on Thursday reported that its latest quarterly earnings sagged 29 percent as revenues were dragged down by a weak global computer market.
Microsoft said its net profit for the quarter ending June 30 was 3.05 billion dollars, or 34 cents per share of stock, in what amounted to a 29 percent drop from the same period last year.
"Our business continued to be negatively impacted by weakness in the global PC and server markets," said Microsoft chief financial officer Chris Liddell.
"In light of that environment, it was an excellent achievement to deliver over 750 million dollars of operational savings compared to the prior year quarter."
Microsoft reported that its revenue in the recently-ended quarter dropped 17 percent to 13.1 billion dollars as compared to the same three months in 2008. - AFP/de
