Despite Slumping PC Industry, Microsoft Profit Rises 19 Percent

Nick Wingfield, reporting for the NYT:

For its fiscal third quarter, which ended March 31, the company reported net income of $6.06 billion, or 72 cents a share, up from $5.11 billion, or 60 cents a share in the same period a year ago.

Revenue rose 18 percent to $20.49 billion from $17.41 billion.

I, and others, often wonder how Ballmer has held onto his job as CEO. Here’s the answer: he knows how to make money.

Friday, 19 April 2013