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Microsoft Operating Income Down 30%, Income Down 29%, and Earnings Down 26%

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According to the press release[*] (made public minutes ago), "Operating income,
net income and diluted earnings per share for the quarter were $3.99 billion,
$3.05 billion and $0.34 per share, which represented declines of 30%, 29% and
26%, respectively, when compared with the prior year period."

That's the second consecutive sharp drop of this scale and revenue is down very
sharply as well.

In reality, it might be a lot worse due to fraud [**]. Microsoft lost $18bn in
1998 [***].

____
[*]
http://www.microsoft.com/presspass/press/2009/jul09/07-23fy09Q4earnings.mspx

[**]
http://web.archive.org/web/20070308032343rn_2/www.seattleweekly.com/1999-01-06/news/microfraud.php

[***] http://etheridge.ca/articles/economist-options.html
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