By GLENN CHAPMAN/AFP
SAN FRANCISCO -- Microsoft shares slipped Thursday after the release of quarterly earnings figures that surpassed forecasts but left it unclear how the software titan will score in the post personal computer era.
Microsoft reported that its profit dipped slightly in the final three months of last year despite revenues boosted by the release of new-generation Windows software tailored for the world of smartphones and tablet computers.
Profit was down 3.7 percent from the same quarter a year earlier to $6.38 billion, better than most forecasts, while revenues rose 2.7 percent to $21.46 billion, a record for the US tech giant.
Microsoft said the boost in revenues came from pre-sales and upgrades of Windows 8, recognized in the quarter, and gains in business software and other segments.
Shares in the Redmond, Washington-based technology firm were down more than one percent to $27.25 in after-market trading that followed release of the earnings figures for its second fiscal quarter.
Microsoft did not provide specific sales data for the Surface tablet launched late last year or its new Windows Phone 8 system, two keys to the company's future.
Chief executive Steve Ballmer said the company's "big, bold ambition to reimagine Windows as well as launch Surface and Windows Phone 8," had sparked "unprecedented opportunity and creativity with our partners and developers."
The profit amounted to 76 cents per share -- one cent better than the Wall Street consensus.
Citi analyst Walter Pritchard said Microsoft was on target.More >
Armed with an affidavit as a condition imposed by Davao City Mayor Rodrigo Duterte, Sen. Antonio Trillanes IV showed up at Bank of Philippine Islands (BPI) Julia Vargas branch, Pasig City 11 am, April 2 but still failed to get a waiver from the Mayor to disprove allegations of PHP 2.4 billion “hidden wealth,” including the PHP 211 million deposit in the said bank.
“I have the affidavit, but there was no waiver,” stressed Trillanes who called Duterte a “coward.”
This time, the tough-talking Mayor wanted all the other presidential candidates to sign a waiver and open all their bank accounts to the public.
Although he was open to showing “all” of his bank transactions during the past 30 years, Duterte insisted all other candidates must be compelled to open all their accounts, too.
Premier gaming and entertainment destination in Sonoma County prepares to welcome new resort, spa, meeting space and pool
ROHNERT PARK, Calif. – Hundreds of construction tradesmen and women gathered together last April 26 along with leadership from the Federated Indians of Graton Rancheria and business and community leaders to place the
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