Microsoft Posts First Ever Drop in Quarterly Revenue

Joseph Tartakoff on Microsoft’s results:

Hit hard by the recession, Microsoft reported the first year-over-year revenue drop in its history Thursday — and posted revenue short of analysts’ expectations. The company posted net income of $2.98 billion (33 cents per share), down 32 percent from the $4.4 billion (47 cents per share) recorded during the same period a year ago. […]

(Microsoft’s previous worst year-over-year performance was a 0.7 percent increase in revenue in mid-2000).

That’s still one billion dollars in profit per month, but that’s a big year-over-year drop, and a heck of a streak to end.

Thursday, 23 April 2009