“Microsoft sales, profits plummet”
When talking about revenue or profits, “plummet” isn’t a word you want to see in the same paragraph.
Two weeks ago, I predicted another Microsoft layoff this year. Today, TechFlash’s Todd Bishop reports that Microsoft reported fourth quarter revenue down 17%, and profits down to 34 cents/share. Every division had a revenue decline. Windows Clients had a 29% revenue decline.
This news only reinforces my expectation of another layoff. They’re not going to cut just window dressing this time; they’ll have to hack off some flabby meat chunks.
See the TechFlash post for more info.