Thursday, April 23, 2009
Microsoft Gets Hit by the Econalypse: Earnings and Revenue Slide (Plus the Full Press Release)
Microsoft’s earnings and revenue took a hit in its third quarter, as expected, with profits down 32 percent from a year ago on a six percent sales decline.
Before one-time charges, the software giant earned $2.98 billion, or 33 cents a share after one-time charges, on revenue of $13.65 billion.
The weak results were relatively in line with analysts’ estimates of 39 cents a share on $14.1 billion in revenue.
The culprit for the bad news was the decline in consumer and business spending on computers since half Microsoft’s operating income comes from sales of its Windows operating system.
