Saturday, December 10, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. Confirms Samsung and LG Dumped Washers
Xiaomi Electric Vehicle Launch on Monday, Yeelight LED Ceiling Light Launched
Hon Hai, Sharp To Build Massive LCD TV Plant In China
U.S. To Review Cyber Attacks Beyond 2016 Election
Samsung To Brick Remaining Note7 Device Through Software Update
Samsung SDI to Supply Batteries To Lucid Motors
Samsung To Design And Make Chips For Tesla Cars
Google Opens its Digital Assistant to Developers
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Lower O...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, April 24, 2009
Lower Operating Expenses Narrow Microsoft's Revenue Gap in Difficult Economic Environment


Microsoft today announced revenue of $13.65 billion for the third quarter ended March 31, 2009, a 6% decline from the same period of the prior year.

Operating income, net income and diluted earnings per share for the quarter were $4.44 billion, $2.98 billion and $0.33 per share, which represented an increase of 3% and declines of 32% and 30%, respectively, when compared with the prior year period.

The financial results for the third quarter ended March 31, 2009, included $290 million of severance charges related to the previously announced plan to reduce up to 5,000 positions and $420 million of impairments to investments. Combined, these two charges reduced earnings per share by $0.06.

Revenue in Client, Microsoft Business Division, and Server & Tools was negatively impacted by weakness in the global PC and Server markets, Microsoft said. Revenue from enterprise customers remained stable during the quarter.

"With our continued R&D investment and our broad suite of products and services, we remain in a great position to compete and gain share in the marketplace," said Kevin Turner, chief operating officer at Microsoft. During the quarter, Microsoft released the beta version of the Windows 7 operating system, which remains on track for a fiscal year 2010 launch, Microsoft said. Development milestones were achieved on other products including Microsoft Office 2010, Windows Server 2008 R2 and Windows Mobile.

"While market conditions remained weak during the quarter, I was pleased with the organization?s ability to offset revenue pressures with the swift implementation of cost-savings initiatives," said Chris Liddell, chief financial officer at Microsoft. "We expect the weakness to continue through at least the next quarter."


Previous
Next
Asus Express TV Stick USB 2.0 Hybrid TV Receiver with 4GB Free Storage        All News        WriteBD! UDF Data Writer Provides First Integrated Direct Writing to Blu-ray Re-writable Discs on Mac OS10.5
NEC Electronics and Renesas to Integrate Business Operations     General Computing News      GeoCities Will Close Later This Year

Get RSS feed Easy Print E-Mail this Message

Related News
European Commission Approves Acquisition of LinkedIn by Microsoft, Subject to Conditions
Microsoft Is Careful With New Chatbot Zo, Now Available For Testing
Microsoft Offers Grants to Organizations Working to Improve Affordable Internet Access
Microsoft Wants To Bring Something Different in The Smartphone Market
Microsoft's Solitaire Game Now Available On iOS And Android
Microsoft Joins The Linux Foundation, Google Embraces The .NET community
Microsoft Buys 237 Additional Megawatts of Wind Energy
Microsoft Introduces Chat-based Workspace in Office 365
Microsoft Identifies Russia-linked Hackers Exploiting Windows Flaw
Microsoft Researchers Reach Human Parity in Conversational Speech Recognition
Microsoft Cloud Strength Highlights First Quarter Results
Microsoft's Cloud Investments In Europe Hits $3 billion

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .