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Microsoft Reports First Drop in Revenue Since 1986
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Posted by Donster on: 2009-04-24 16:36:14 262
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Author: Ben Hardwidge @ Bit-Tech
Godfather of software capitalism Microsoft has just released its quarterly earnings report for the first quarter of 2009, revealing the company’s first drop in revenue since it went public in 1986, shortly after the release of the Windows 1. The company announced revenue of $13.65 US for the quarter, showing a drop of six percent when compared with the same period last year. Meanwhile, the company’s net income dropped by 32 percent, and diluted earnings per share fell by 30 percent to $0.33 US per share.
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News Source: Email
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