posted by Thom Holwerda on Thu 23rd Apr 2009 21:09 UTC
"As analysts predicted it might, Microsoft on Thursday reported the company's first ever year-over-year sales decline for the quarter ended March 31. The software maker said fiscal third-quarter sales totaled $13.65 billion, down 6 percent compared with $14.45 billion in the same quarter a year ago. Its per-share earnings were 33 cents per share, although that included severance and investment impairment charges that reduced earnings by 6 cents per share. Analysts had been projecting sales of $14.15 billion and per-share earnings of 39 cents, down from 47 cents a year ago, according to Reuters Estimates. Microsoft had said in January that the crystal ball for the company was cloudy and at the time announced its first companywide layoffs, with plans to chop 5,000 jobs over an 18-month period."