Revenues at Microsoft have been hit by the global economic slowdown as sales of PCs have fallen, writes Brand Republic. Revenues for the quarter ending March 31 were down 6% year-on-year reaching $13.65bn (£9.31bn). Revenues from the firm’s PC software division dropped 16%, while those from its internet division were down 14%. Profits were down […]
Revenues at Microsoft have been hit by the global economic slowdown as sales of PCs have fallen, writes Brand Republic. Revenues for the quarter ending March 31 were down 6% year-on-year reaching $13.65bn (£9.31bn). Revenues from the firm’s PC software division dropped 16%, while those from its internet division were down 14%. Profits were down 32% though still managed to reach $2.98bn (£2bn) on the back of cost-cutting measures and 5,000 job cuts. Shares rose 3% on the news as Microsoft announced further cost-cutting measures.
From Brand Republic: http://www.brandrepublic.com, 24/04/2009
Microsoft: http://www.microsoft.com
