Monday, March 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alibaba Signs Deal With BMG
GIGABYTE Releases ARM Server Solutions
ASUS Transformer Book Chi Available for Preorders
GitHub Under Denial-of-service cyber Attack
LG Launches New AKA Smartphones Globally
Spotify on PlayStation Music Available Today
Microsoft Lists Windows 10-Compatible Phones
Intel in Talks to buy Altera: report
Active Discussions
how to copy and move data files to dvd-rw
cdrw trouble
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
 Home > News > General Computing > Microso...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, January 23, 2009
Microsoft to Eliminate 5,000 Jobs


In an unprecedented but expected move, Microsoft announced today that it could lay off up to 5,000 people and reduce headcount-related expenses, vendors and contingent staff, facilities, capital expenditures and marketing.

The company reported revenue of $16.63 billion for the second quarter ended Dec. 31, 2008, a 2% increase over the same period of the prior year. Operating income, net income and diluted earnings per share for the quarter were $5.94 billion, $4.17 billion and $0.47, declines of 8%, 11% and 6%, respectively, compared with the prior year.

"While we are not immune to the effects of the economy, I am confident in the strength of our product portfolio and soundness of our approach," said Steve Ballmer, chief executive officer at Microsoft. "We will continue to manage expenses and invest in long-term opportunities to deliver value to customers and shareholders, and we will emerge an even stronger industry leader than we are today."

As part of this plan, Microsoft will eliminate jobs in R&D, marketing, sales, finance, legal, HR, and IT over the next 18 months, including 1,400 jobs today. These cuts, according to the company, will reduce the company?s annual operating expense run rate by approximately $1.5 billion and reduce fiscal year 2009 capital expenditures by $700 million

Client revenue declined 8% as a result of PC market weakness and a continued shift to lower priced netbooks. However, strong annuity licensing drove Server & Tools revenue growth of 15%. Entertainment and Devices revenue grew 3% driven by strong holiday demand for Xbox 360 consoles with a record 6 million units sold in the quarter.

During the quarter, Microsoft showcased significant new product innovations by debuting Windows 7, Windows Azure, Office Web applications, Windows Server 2008 R2 and Office Communications Server 2007 R2. Microsoft also announced general availability of Silverlight 2, Exchange Online, SharePoint Online, Windows Small Business Server 2008, Windows Essential Business Server 2008 and a new release of Microsoft Dynamics NAV.


Previous
Next
Google Profits Up On Strong Ad Sales        All News        ink Breakthrought Could be Used For Manufacturing of Bendy Screens
Google Profits Up On Strong Ad Sales     General Computing News      ink Breakthrought Could be Used For Manufacturing of Bendy Screens

Get RSS feed Easy Print E-Mail this Message

Related News
Data Requests To Microsoft Decreased
Samsung to Bring Microsoft Services on More Devices
Microsoft Collaborates With Ford On Conected Cars
Microsoft Releases New Business Products
Microsoft To Offer Cortana To Android, iOS
Microsoft Proposes New Power Backup Specification
MWC: Microsoft Unveils The Lumia 640 and Lumia 640 XL
Microsoft Band Gets New Features
Internet Explorer To Support HTTP Strict Transport Security Protocol
Microsoft Buys Sunrise In A Smartphone Push
Microsoft, Samsung Settle Patent Dispute
Bill Gates Sees Future In Robots

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .