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Microsoft's net income slipped 11 per cent in the third quarter
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Microsoft profit slips 11 per cent

Third-quarter revenue has remained steady at £7.31bn

Neon Kelly, Computing 25 Apr 2008
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Microsoft's profit dipped 11 per cent in the third quarter, falling to $4.39bn (£2.22) from the $4.93bn (£2.49) reported in April last year.

Overall sales remained steady at $14.45bn (£7.31), a minor increase on $14.40bn (£7.29) in 2007.

"Our third-quarter results demonstrate the benefit of our diversified business model,” said Chris Liddell, chief financial officer at Microsoft.

“Our broad span across geographies, product categories and customer segments is a tremendous asset and supports our outlook for double-digit revenue, operating income and earnings per share growth for this fiscal year and also for fiscal year 2009."

Earlier this week Microsoft released Live Mesh, a web service designed to facilitate data sharing across a broad range of devices.

See also:

Yahoo logoProfit has tripled to £271m, but Microsoft's takeover bid still casts a shadow  23 Apr 2008
But the door remains open for a possible joint offer with Microsoft  22 Apr 2008
Logo collageThe arrival of the giants will open up the sector to Web 2.0 style services  23 Apr 2008
Project "Albany" is a first-time trial for subscriptions to use Office products, while China gets Microsoft/Novell enterprise level Linux interoperability  21 Apr 2008

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