Profits at Microsoft beat the forecasts

Oct 27, 2008 | Uncategorized

Profits at Microsoft reached $4.37bn during Q3 from $4.29bn in 2007, writes Netimperative. Turnover rose 9% during the same period to $15.06bn. However the firm has now warned that it is unlikely to meet Wall Street predictions during the next quarter due to economic conditions. Chief Financial Officer, Chris Liddell, said: “We, like most companies, […]

Profits at Microsoft reached $4.37bn during Q3 from $4.29bn in 2007, writes Netimperative. Turnover rose 9% during the same period to $15.06bn. However the firm has now warned that it is unlikely to meet Wall Street predictions during the next quarter due to economic conditions. Chief Financial Officer, Chris Liddell, said: “We, like most companies, saw a slowdown at the tail end of the quarter in particular. We’re now taking a more conservative stance on the balance of the year.”
The firm has also revealed its new cloud computing platform dubbed Windows Azure. The firm is following Amazon and Google in providing web developers and others a place to store content and applications without the need for them to have dedicated servers but with enough capacity and bandwidth to withstand a sudden rush in online demand.
From Netimperative: http://www.netimperative.com, 27/10/2008
Microsoft Azure: http://www.microsoft.com/azure

All topics

Previous editions

Get email edition

Share This