Microsoft sees first annual sales decline in its history for fiscal 2009
Posted in: breaking news, BreakingNews, business, financial, Microsoft, Today's Chili
Microsoft’s fiscal year 2009 just came to a close, and the new milestones for the company aren’t too boast worthy. Year-over-year, the company saw a 3.2 percent decline in sales, its first drop in the company’s history — guess that third quarter report was a pretty good indication of things to come. Net profit, too, fell 17 percent to $14.57 billion. Looking at just the fourth quarter, sales fell 17 percent to $13.1 billion, and profits saw a pretty massive 29 percent drop, to $3.05 billion. Attributing to the decline were legal charges and severance claims from laid off employees, a referral of revenue from the Windows 7 Upgrade program, and of course overall drop in PC and server sales across the industry. So far the stock market has acted as you’d expect, and shares have dropped a notable eight percent. Despite all this gloom, let’s not forget that the boys in Redmond are still pulling a profit — and hey, cheer up Steve, you’ve got one helluva bright light for fiscal 2010.
Filed under: Desktops, Laptops, Software
Microsoft sees first annual sales decline in its history for fiscal 2009 originally appeared on Engadget on Thu, 23 Jul 2009 18:12:00 EST. Please see our terms for use of feeds.
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