Profit drops 32 percent as software giant struggles with soft PC sales
Microsoft Corp. on Thursday posted the first decline in quarterly revenue in its 23-year history as a public company, but met Wall Street's lowered profit forecasts.
The worldâ€™s largest software maker said its quarterly profit dropped 32 percent to $2.98 billion, or 33 cents per share, from $4.39 billion, or 47 cents per share, a year earlier.
Revenues in the fiscal third quarter ended March 31 slipped 6 percent to $13.65 billion from $14.45 billion in the same period last year.
I just cannot loose sleep over this.