Friday, July 18, 2008

Microsoft | Microsoft trims profit outlook | Seattle Times Newspaper

Investing an additional $500M in online services this year

Microsoft's commitment to winning a bigger chunk of online services and advertising business was underscored Thursday when the company slightly lowered its profit forecast for the current fiscal year to reflect planned spending increases.

"We do not make these investments lightly as the loss in this division will be a drag on an otherwise exceptionally good performance," Chief Financial Officer Chris Liddell said in a conference call with reporters and analysts as Microsoft closed the books on its 2008 fiscal year.

Microsoft | Microsoft trims profit outlook | Seattle Times Newspaper

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