MOUNTAIN VIEW, Calif. — For the first time in Microsoft’s 23-year history as a public company, its sales dropped year-over-year.
Microsoft, the world’s largest software company, on Thursday reported net income of $3.0 billion, or 33 cents a share, for its third quarter, ended March 31 — a 32 percent drop in profits from the $4.4 billion, or 47 cents a share, reported in the same period last year.
The company’s revenue fell 6 percent to $13.7 billion from $14.5 billion. Microsoft said its earnings included 6 cents of charges related to layoffs and impairments to investments.
Read the rest here >http://www.nytimes.com/2009/04/24/technology/companies/24microsoft.html?_r=1&ref=business
Thursday, April 23, 2009
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