403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx
Follow us:
403 Forbidden

403 Forbidden


nginx

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

October 23, 2009 at 6:05 AM

Microsoft earnings: Sales decline, profit better than expected

NEW YORK — While Microsoft’s sales continued to fall in financial results, the software company reported profits that exceeded expectations.

The company said it made $12.92 billion in sales in the first quarter of 2009, a 14 percent decline compared to $15.06 billion in sales in the same period a year ago. Because of cost savings, profit was above what analysts were expecting — $3.57 billion, or 40 cents per share, an 18 percent decline from $4.37 billion a year ago. Analysts had been expecting profit of 32 cents per share.

Sales were affected by the Windows 7 upgrade option Microsoft offered to customers who bought a PC before the operating system began selling on Thursday. The company has deferred that revenue, $1.47 billion. If the financial results had included those sales, the revenue would have been $14.39 billion, a 4 percent decline from th same period a year ago, and the company would have made 52 cents per share, and increase of 8 percent from the same period a year ago.

The company will hold a conference call to discuss earnings at 7:30 a.m. Here is a link to the earnings release.

Update 6:42 a.m.: The market likes what it’s seeing in early trading. The stock, which closed at $26.59 at the end of Thursday, has risen more than 8 percent this morning to more than $28.90.

Comments

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


403 Forbidden

403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx