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Wall Street savants seem to have been deceived by their crystal balls yet again. Microsoft’s fiscal fourth quarter results turned out be even lower than what they had predicted. Microsoft reported earning $3.05 billion, or 34 per share, on revenue of $13.1 billion in the quarter.
The company was quick to blame the weakness in “the global PC and server markets” for the decline in revenue. But Microsoft CFO Chris Liddell is pleased that the company managed to “deliver over $750 million of operational savings compared to the prior year quarter” despite the economic weather being a huge impediment. Microsoft also imputed the decline to “a $276 million deferral for the Windows 7 Upgrade Option program”.
Links:
[1] http://www.maximumpc.com/user/opulent_rigs_0
[2] http://www.pcmag.com/article2/0,2817,2350713,00.asp
[3] http://www.maximumpc.com/article/news/ibm_posts_highest_secondquarter_results_ever
[4] http://www.maximumpc.com/article/news/intel_posts_record_profits_2nd_quarter
[5] http://www.maximumpc.com/article/news/dells_poor_showing_second_quarter_makes_analysts_bearish
[6] http://www.maximumpc.com/tags/earnings
[7] http://www.maximumpc.com/tags/fourthquarter
[8] http://www.maximumpc.com/tags/microsoft
[9] http://www.maximumpc.com/tags/results
[10] http://www.maximumpc.com/tags/revenue
[11] http://www.maximumpc.com/articles/news
[12] http://www.maximumpc.com/user/login?&commentfragment=comments_top_anchor