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Microsoft Misses Quarterly Revenue Projection
monsterhead78 wrote to alert us to a BusinessWeek article discussing Microsoft's uncharacteristic miss of its own fiscal projections for the third quarter. From the article: "Three months ago, the software giant said it expected revenue for the period to come in between $9.7 billion and $9.8 billion. But when the company released results Apr. 28, it came up short. Microsoft (MSFT ) rang up just $9.62 billion in sales, a 5% increase from the year-ago quarter."
Here's an excerpt from the AP feed:
Microsoft shares rose 85 cents, or 3.5 percent, to close at $25.30 in Friday trading on the Nasdaq Stock Market.
The company reported its fiscal third-quarter earnings after financial markets closed on Thursday.
For the quarter ending March 31, the Redmond, Wash.-based company earned $2.56 billion, or 23 cents per share, up from $1.32 billion, or 12 cents per share, a year ago.
Analysts surveyed by Thomson Financial were looking for the company to post earnings of 32 cents per share on sales of $9.83 billion in the latest quarter. The company would have met earnings expectations, except for legal charges of 5 cents a share and a 4-cent-per-share charge for the expense of stock-based compensation required under new accounting rules.
Revenue is important but profit even more so. MSFT closed up today 3.48%
"I'd rather be a lightning rod than a seismometer." -Ken Kesey
Obviously it is because of linux!
Finally the giant is beginning to fall!!!
hmmm, only 9.6 billion left to go.
Your revenue increased, but slightly less than you expected it to be!
Take *that*, evil empire!
Google News:
Microsoft profits jump to US$ 2.56 billion this quarter (Earthtimes.org)
Microsoft Third-Quarter Profits Double (Yahoo News)
Microsoft: The Cash Machine (Motley Fool)
Slashdot:
Microsoft Misses Quarterly Revenue Projection
It's almost as if there's some bias or something...
Why does not Microsoft not release their OS, but hold it for a few months, have a large beta group of testers. Fix the bugs
Not to be a troll, but can someone tell me specifically what bugs everyone is always talking about? Currently running Windows XP sp2 at home and work, my computers have not crashed once this year...not frozen, not blue screened, nothing. I know occasionally (maybe once a month) you'll get windows explorer crashing (where the desktop looks like its refreshing), but otherwise I don't experience any bugs? (My fedora box is performing as well btw) Please don't respond with "spyware and viruses!!!" cuz a) I havn't ever gotten any b) they are mostly user initiated.
To put it in perspective, VA Software, the company that owns Slashdot, is trading at 1.37/share ... down from their 52-week high of 3.17. Those that live in glass houses...
I think confused investors were thinking Microsoft released Tiger today. :-)
"There is more worth loving than we have strength to love." - Brian Jay Stanley
I don't know why I even both to post this b/c I haven't posted in months, but can't this site be just tiny, itsy bit less slanted? I understand that MS is the antithesis of Open Source and that is what this site is about, but please spare me this type of story.
No one here would give a crap about MS corporate results, but b/c they miss by a couple percent it becomes a story. Can't there be a little bit more reason? Not everything in the Windows world is terrible and every aspect of Open Source is not perfect. Maybe that is why I like Ars Technica better, b/c they are much more reasonable...