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Microsoft annual sales down for first time ever
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Posted on Friday, July 24 2009 @ 17:35:01 CEST by Thomas De Maesschalck |
Microsoft reported its annual sales were down 3.2 percent to $58.44 billion and net profit has fallen 17 percent to $14.57 billion, compared to the year before.
Quarterly sales and profit also fell from the same quarter a year ago. Sales reached $13.1 billion in the fourth quarter, a 17 percent decline from the 2008 fourth-quarter sales of $15.84 billion.
Fourth-quarter profit fell by 29 percent to $3.05 billion, or 34 cents per share, which included a deferral of revenue related to a Windows 7 Upgrade program, which decreased earnings by two cents per share. The fourth-quarter results also included legal charges, a loss of value in investments and severance charges related to layoffs the company has made; those items decreased earnings per share by 2 more cent.
Operating profit, which does not include the one-time charges, fell by 9 percent to $20.36 billion in the quarter.
More info at The Seattle Times.
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