Microsoft's 18% Growth Disappoints Wall Street

[RSS News User]

<p>Google wasn't the only one <a href="http://blog.searchenginewatch.com/blog/080717-170058">reporting second quarter revenues</a> yesterday. Microsoft also dished, though they label the same period as their fiscal fourth quarter.</p>

<p>The software giant made $15.84 billion last quarter, up 18% over the same quarter last year. Annual revenue was $60.42 billion, which was also up 18% over the year prior.</p>

<p>The growth rate is not good enough for Wall Street, however, as the stock was down nearly 5% at the time of this post. Analysts see Microsoft as struggling in a weak economy.</p>

<p>If making $15.84 billion in three months is struggling, then I want to suffer!</p>

<p>Related Reading:<br />
<a href="http://blog.searchenginewatch.com/blog/080425-074341">Microsoft Earnings Key Takeaways: Where's the Search?</a></p><div class="feedflare">
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