Opportunity and challenges: Microsoft prepared for tough '09
Tue, Feb 24th, 2009
One by one, companies have started announcing earnings in which the full pain of the current economic crisis has hit their bottom line. Microsoft was no exception; while revenue increased slightly year-over-year, earnings dropped slightly. The company has a tradition of hosting an additional financial call in which it looks forward to the second half of its fiscal year, and discusses long-term plans. The latest version of that call took place Tuesday morning, hosted by Steve Ballmer and CFO Chris Liddell, who gave a much clearer picture about the company's view of these turbulent economic times.
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