Friday, January 23, 2004

NYT: Microsoft's Revenue for Quarter Gains as Profit Declines

NYT: Microsoft's Revenue for Quarter Gains as Profit Declines "Buoyed by the unexpected double-digit growth in PC sales and an increase in business-customer revenue, the Microsoft Corporation reported on Thursday that its fiscal second-quarter results substantially surpassed financial analysts' expectations as revenue exceeded $10 billion for the first time.
While sales were unusually strong, Microsoft's profit declined in the quarter because of a significant charge for stock-based compensation for employees. Moreover, the company faced tough questioning from analysts who have become increasingly uneasy about the way the company sells its software to corporate customers and the long-term effects of that strategy."
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