Microsoft sees plunge in quarterly sales, profit

Published: 23/07/2009 05:00

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Microsoft Corp. on Thursday posted drops of quarterly sales and profit that both missed expectations.

Microsoft Corp Chairman Bill Gates speaks during a news conference in Tokyo May 7, 2008. (Xinhua/Reuters Photo)

The software giant said it earned 3.05 billion dollars or 34 cents per share, down 29 percent and 26 percent respectively when compared with the year-ago quarter.

“Our business continued to be negatively impacted by weakness in the global PC and server markets,” Chris Liddell, chief financial officer of Microsoft, said in a statement.

The results disappointed investors and Microsoft’s shares, which closed at 25.5 dollars, fell nearly 8 percent in after-hours trading.

According to a consensus from Thomson Reuters, analysts have expected Microsoft to earn 36 cents per share on sales of 14.37 billion dollars.  

VietNamNet/Xnhuanet

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