Microsoft suffers from global economic chill

Microsoft has joined the growing band of IT suppliers posting revised earnings estimates due to the PC slowdown.

Microsoft has joined the growing band of IT suppliers posting revised earnings estimates due to the PC slowdown.

Microsoft has blamed a slowing global economy for a sharp decrease in software sales. Today's revised earnings statement said revenue and earnings for Q4 will be below the company's previous expectations by as much as 5-6%.

John Connors, chief financial officer at Microsoft said: "We believe, like many other technology companies, that the current weakness in worldwide economic conditions is resulting in a slowdown in PC sales, corporate IT spending, and consumer online services and advertising. Accordingly we are adjusting our revenue and earnings expectations for the current quarter, and for the balance of the fiscal year."

Read more on Business applications

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close