Microsoft is Still The Software Leader
Microsoft kept it’s title as the world’s software leader by posting optimistic results for the 3rd quarter that closed on September 30.
Revenues were up by 9% on one year at $15.06 billion. Profits were up by 1.8% at $4.37 billion ($0.48 per share).
Although Microsoft posted fairly positive results in the 3rd quarterd comparted to the same period last year, the company has revised their year-end forecast from between $67.3 to $68.1 billion to something between $64.9 and $66.4 billion. This announcement was made because of the slowdown in U.S. and global economy.