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Microsoft earnings disappoint after the bell... shares sink after hours

Posted by Stewie (aka whysoserious) Jul 23 '09, 14:37

Microsoft Corp posted a steeper-than-expected 17 percent drop in quarterly revenue and said its business continued to be hurt by the weak global PC and server markets, sending its shares down 8 percent and hurting broader stock futures.

Nothing really showed much of an improvement from the last couple of quarters. The core focus here is really in the Windows business, and they definitely didn't see their business improve from the weakness in the overall PC market, despite some positive chatter from Intel.

There was some hope that their business might show some improvement, but it didn't show that.

The weakness came from obviously the Windows business and also on the enterprise side of the business. And also the Xbox, which is a huge revenue contributor but not a big margin contributor, there was definitely a big dropoff on Xbox consoles on the revenue side.

Responses:

amazon, too. nm but: -- (link) - b. Jul 23, 14:41
there goes the 9000 -- nm - Epiphany Jul 23, 14:38 1
- IT'S UNDER NINE-THOUSAAAAAAAAAAND! -- nm - Qale Jul 23, 14:42

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Microsoft earnings disappoint after the bell... shares sink after hours

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