Microsoft beats estimates, but profit drops 18 percent
Filed under: Company News, Technology, Earnings, Microsoft
Microsoft's (MSFT) profit fell 18 percent in the last quarter, partly because it deferred revenue to let summertime PC buyers get free upgrades to Windows 7, which launched Thursday.
The upgrade program meant that Microsoft counted only about half of its Windows Vista sales in the period. It will report the rest as customers upgrade to the new system.
PC shipments edged up in the July-through-September period after falling all year, but the industry remains far weaker than even a year ago.
Microsoft said Friday its profit dropped to $3.6 billion, or 40 cents per share. Revenue sank 14 percent to $12.92 billion.
If it counted the deferred Windows revenue, earnings would have increased 8 percent from last year.
The group that makes Office software also saw its revenue and profit drop.
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Reader Comments (Page 1 of 1)
10-27-2009 @ 8:51AM
scott said...
Is anybody going to buy windows 7?
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10-25-2009 @ 8:35PM
rick said...
We were just talking about this at r salon yesterday. One of my clients is a doctor here in Phoenix and was saying that the drug companies are not being allowed to take them out to lunch anymore while they push thier products.With the salesman not paying for the lunch Doctors are not taking the time to go hear the drug companies pitches.So if they are not getting the sales from lunch meetings or through consumers requesting the drugs...how will they generate sales? Maybe research and development will suffer too...? she said 90 % of the sales staff will be let go....more high paying jobs lost. I already see the clients at r salon are starting to come less often and post dating checks.... r salon is just one example of a small biz hurt by loss of jobs.
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10-23-2009 @ 4:15PM
shell said...
stop worring and start ppartinging www.arighttoparty.com
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