Microsoft revenue declines 17 percent in fiscal Q4
PC World | at | by Mike
Microsoft revenue declined 17 percent and net income declined 29 percent year over year in its fiscal 2009 fourth quarter due to continued weakness in global sales of PCs and hardware servers, the company reported Thursday.
Revenue of US$13.1 billion and earnings per share of $0.34 slightly missed analysts' forecasts for the quarter that ended June 30. Quarterly earnings were affected by a $0.02 reduction due to $276 million in deferred revenue related to Microsoft's Windows 7 Upgrade Option program announced June 25, Microsoft said.