Unlike Apple, Microsoft is clearly suffering the effects of the global recession—in fact, it's apparently been doing so for about six months. The company has posted financial results for its fourth fiscal quarter, which ended on June 30, and the numbers don't look particularly encouraging:
|Revenue||$15.84 billion||$13.65 billion||$13.10 billion|
|Net income||$4.30 billion||$2.98 billion||$3.05 billion|
According to eWeek, Microsoft saw its first ever quarterly revenue decline in Q3, so this is the second quarterly decline in a row. The Seattle Times points out that Microsoft's yearly sales have also fallen for the first time ever. The firm posted revenue of $58.44 billion and net income of $14.57 billion for its 2009 fiscal year, down from $60.42 billion revenue and $17.68 billion net income for the year before.
Of course, you've gotta look at the bright side: almost $15 billion in profits isn't anything to scoff at. Microsoft also brags about generating "over $750 million of operational savings" between Q2 and Q3, although it does admit that its business "continued to be negatively impacted by weakness in the global PC and server markets."
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