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Microsoft Announce 3rd Quarter Financials
Friday, October 24, 2008
Yesterday, Microsoft (MSFT) annonced results for the third quarter. In short, the takeaways were:
  • Overall revenues for the quarter came in at $15 billion, an increase of 9 percent annually
  • Net profits of $4.37 billion were reported; an increase of 1.9 percent
  • The company’s online revenues, (including MSN, search and its advertising networks) grew 15 percent to $770 million in the quarter.
  • The online business segment posted an operating loss of $480 million, which is almost double the $267 million loss it posted a year ago
  • Interestingly enough, Microsoft will be taking $400 to $500 million out of costs by slowing its hiring and cutting back on marketing and travel expenses.

Although reporting better-than-expected results for its latest quarter, Microsoft gave a fairly cautious outlook. Microsoft issued downside guidance for its second quarter and fiscal year 2009 based on the current economic situation in the US.


Microsoft Earnings Call, Q3 2008
View SlideShare presentation or Upload your own. (tags: earnings microsoft)

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