Microsoft Revenues Fall, but Beat the Street
Microsoft managed to beat the street by clamping down on costs, but its first quarter earnings still fell 18 percent from this time last year. Office and Windows licensing sales declined, and Microsoft’s Entertainment and Devices division’s revenues fell flat. The company’s financial reports, released today, showed revenue of $12.92 billion with a net income of $3.57 billion. Its earnings per share were $0.40, which beat estimates . Earnings were reduced by the deferral of $1.47 of revenue f