Wall Street analysts expect Microsoft's quarterly revenue to fall by 2 percent, and possibly more, when the company reports its financial results Thursday afternoon. If it happens, it would be Microsoft's first year-over-year decline in quarterly revenue as a public company, based on our review of financial statements dating to the mid-1980s.
Microsoft's business is being hurt by businesses and individuals reining in their spending on the software, computers and services that fuel the company's business. The last time there was such uncertainty about its revenue was in mid-2000, during the last economic downturn, when many of its customers were digesting the implications of a court order to break up the company.
Even then, Microsoft was able to eke out a small increase in revenue.
No comments:
Post a Comment