Microsoft Earns C+ in Finance
The recession is finally catching up with Microsoft as its profits dipped nearly 20 percent compared to last year.
While it's easy to see the sky falling, keep in mind that Microsoft is still very profitable, pulling in $3.6 billion in the last quarter. Given the circumstances, the Wall Street intelligentsia congratulated Microsoft for doing so well. (And after the trillions Wall Street has lost, they'd better!)
Microsoft has taken some dramatic steps to keep profits on course, slashing expenses and handing out a Redwood tree's worth of pink slips. This bodes well for a recovery. A leaner, meaner Microsoft can really take off when this economy finally comes around.
What is Microsoft's financial future? Predictions welcome at [email protected].
Posted by Doug Barney on October 26, 2009