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July 18, 2008
Microsoft's 18% Growth Disappoints Wall Street
Google wasn't the only one reporting second quarter revenues yesterday. Microsoft also dished, though they label the same period as their fiscal fourth quarter.
The software giant made $15.84 billion last quarter, up 18% over the same quarter last year. Annual revenue was $60.42 billion, which was also up 18% over the year prior.
The growth rate is not good enough for Wall Street, however, as the stock was down nearly 5% at the time of this post. Analysts see Microsoft as struggling in a weak economy.
If making $15.84 billion in three months is struggling, then I want to suffer!
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Posted by Nathania Johnson at July 18, 2008 9:41 AM
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