Microsoft profits tank, blames pesky coupons

January 25th, 2007

“Microsoft Corp. late Thursday reported a 28% drop in quarterly profit as the world’s largest software company was hurt by the delayed release of Vista, the newest version of its flagship Windows program. Microsoft said it earned $2.63 billion, or 26 cents a share, for its fiscal second quarter ended Dec. 31, compared to $3.65 billion, or 34 cents, a year earlier. Sales rose 6% to $12.54 billion from $11.84 billion, helped by higher sales of server software and stronger-than-expected demand for Microsoft’s Xbox 360 video game player. The results, which reflected the deferral of $1.64 billion in sales and 11 cents a share in earnings related to a Vista marketing program, still beat Microsoft’s own forecast and the expectations of Wall Street analysts…” (Read full article here)

Entry Filed under: World & Business