Microsoft's Q3 profits up despite PC market slump
In spite of declining PC sales and cautious chipmakers, Microsoft fared well in the third quarter.
The software giant reported third quarter revenue of $20.49 billion or 72 cents a share, missing analyst expectations on revenue by a fraction. Operating income was $7.61 billion while net income stood at $6.06 billion.
Wall Street expected Microsoft to report third quarter earnings of 68 cents a share on revenue of $20.5 billion.
It's a bottom-line win, and a top-line loss.
Microsoft chief executive Steve Ballmer said … Read more