Microsoft says PC, server business still weak
Microsoft on Thursday reported weaker-than-expected quarterly revenue and again declined to offer a forecast for the current quarter.
The software maker reported that for the three months ended June 30, the company earned $3.05 billion, or 34 cents per share, on revenue of $13.1 billion. However, those results included legal and other charges, as well as the deferral of revenue related to a Windows 7 upgrade program. In total, those charges cut into per-share earnings by 4 cents.
Analysts had expected per-share earnings of 36 cents, according to First Call. However the revenue figure was notably weaker than … Read more
