Microsoft quarterly revenue drops for first time in company history; net income plummets 32%

“For the first time in Microsoft’s 23-year history as a public company, its sales dropped year-over-year,” Ashlee Vance reports for The New York Times.

“Microsoft, the world’s largest software company, on Thursday reported net income of $3.0 billion, or 33 cents a share, for its third quarter, ended March 31 — a 32 percent drop in profits from the $4.4 billion, or 47 cents a share, reported in the same period last year,” Vance reports.

“The company’s revenue fell 6 percent to $13.7 billion from $14.5 billion,” Vance reports. “Both businesses and consumers have pulled way back on their purchases of computers during the recession, pummeling the personal computer industry in unprecedented fashion. During the third quarter, Microsoft’s sales of the Windows operating system for PCs declined, making only the second such fall in the company’s history.”

Full article here.

MacDailyNews Take: Boy, there’s a lot of news about companies making history lately, huh? smirk

Bwahahaha! Hey, pop the cork on that bottle o’ Schadenfreude, will ya? A toast to Karma, beauuuuutiful Karma!

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