Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Microsoft Profit Dips 11%

Revenue of $14.5 billion virtually unchanged from last year

By John Johnson, Newser Staff

Posted Apr 24, 2008 4:43 PM CDT

(Newser) – Microsoft's profits fell 11% in the third quarter amid concern that corporate clients are cutting back during the economic downturn, Bloomberg reports. The software giant reported net income of $4.39 billion, or 47 cents a share, down from $4.93 billion a year ago.... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Bloomberg (Source Grid »)
MarketWatch (Source Grid »)

Microsoft investors getting tired of Yahoo fight
Bloomberg

Balmer says he won't raise Microsoft's offer
Bloomberg

Technology • Money

Yahoo • Microsoft • Bill Gates • earnings reports

More Newser Stories

Microsoft Will Offer Search Customers Cash

Rewards part of effort to gain ground on market leader Google

(NEWSER) - Having largely abandoned its bid to buy, in the form of Yahoo, a significant presence in the Internet search business, Microsoft now will give customers money back when they buy items through its Live.com search portal, the Wall Street Journal reports. To be made official today, the move makes clear Microsoft isn't giving up on its search ambitions. More»

Ballmer's Competitive Streak Drove Yahoo Bid

Microsoft CEO once vowed to 'kill Google'

(NEWSER) - Microsoft's Yahoo bid put CEO Steve Ballmer to the test: How much would he pay to fulfill his promise to "(expletive) kill Google"? Forty-seven billion bucks was too high, but many say he'll try again—and may have a tough time convincing investors it's all cool calculation. Microsoft still lags behind Google in search advertising, and that makes Ballmer steam, the AP reports. More»

Microsoft and Yahoo: Second Date, Still No Kiss

The two sides meet again, but neither will budge

(NEWSER) - Microsoft and Yahoo execs met again this week, but the software maker refused to raise its takeover offer and the two sides failed to make progress toward an agreement. Yahoo won’t enter formal negotiations unless Microsoft increases its Jan. 31 cash-and-stock bid, then worth $44.6 billion and now about $42 billion, sources told the Wall Street Journal. More»

Microsoft Talks Tough; Proxy Battle Likely

Gates says Yahoo should 'take a hard look' at $41.6B bid

(NEWSER) - Microsoft, at loggerheads with Yahoo over its $41.6-billion offer for the popular web portal, is talking tough, threatening a proxy battle to unseat Yahoo’s reticent board of directors, reports the Wall Street Journal. But even a win, which experts say would be relatively cheap to achieve, could cost Microsoft in the form of Yahoo employee animosity and attrition. More»

Microsoft's Big Yahoo Offer May Be a Ruse

PC leader aims only to block a Yahoo-Amazon alliance, analyst says

(NEWSER) - One possible reason for Microsoft’s massive bid for Yahoo: It’s a ploy to block a Yahoo-Amazon team-up, one analyst says. The $44.6 billion offer will never make it past regulators, Trip Chowdhry explains to MarketWatch. But Microsoft insists otherwise: Chowdhry’s report “is completely incorrect,” said a spokeswoman. The move, she says, offers Yahoo employees and shareholders big opportunities. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Microsoft Profit Dips 11%

Revenue of $14.5 billion virtually unchanged from last year

Yahoo • Microsoft • Bill Gates • earnings reports

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Microsoft Will Offer Search Customers Cash

Rewards part of effort to gain ground on market leader Google

Ballmer's Competitive Streak Drove Yahoo Bid

Microsoft CEO once vowed to 'kill Google'

Microsoft and Yahoo: Second Date, Still No Kiss

The two sides meet again, but neither will budge

Microsoft Talks Tough; Proxy Battle Likely

Gates says Yahoo should 'take a hard look' at $41.6B bid

Microsoft's Big Yahoo Offer May Be a Ruse

PC leader aims only to block a Yahoo-Amazon alliance, analyst says

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?