Microsofts fiscal year 2009 just came to a close, and the new milestones for the company arent too boast worthy. Year-over-year, the company saw a 3.2 percent decline in sales, its first drop in the companys history -- guess that third quarter report was a pretty good indication of things to come. Net profit, too, fell 17 percent to $14.57 billion. Looking at just the fourth quarter, sales fell 17 percent to $13.1 billion, and profits saw a pretty massive 29 percent drop, to $3.05 billion. Attributing to the decline were legal charges and severance claims from laid off employees, a referral of revenue from the Windows 7 Upgrade program, and of course overall drop in PC and server sales across the industry. So far the stock market has acted as youd expect, and shares have dropped a notable eight percent. Despite all this gloom, lets not forget that the boys in Redmond are still pulling a profit -- and hey, cheer up Steve, youve got one helluva bright light for fiscal 2010.
Tuesday, July 28, 2009
Microsoft sees first annual sales decline in its history for fiscal 2009
Microsofts fiscal year 2009 just came to a close, and the new milestones for the company arent too boast worthy. Year-over-year, the company saw a 3.2 percent decline in sales, its first drop in the companys history -- guess that third quarter report was a pretty good indication of things to come. Net profit, too, fell 17 percent to $14.57 billion. Looking at just the fourth quarter, sales fell 17 percent to $13.1 billion, and profits saw a pretty massive 29 percent drop, to $3.05 billion. Attributing to the decline were legal charges and severance claims from laid off employees, a referral of revenue from the Windows 7 Upgrade program, and of course overall drop in PC and server sales across the industry. So far the stock market has acted as youd expect, and shares have dropped a notable eight percent. Despite all this gloom, lets not forget that the boys in Redmond are still pulling a profit -- and hey, cheer up Steve, youve got one helluva bright light for fiscal 2010.
