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Friday, April 24, 2009

Microsoft net income tumbles over 30%; are layoffs ahead?

For the company's fiscal third quarter ended on March 31, Microsoft on Thursday unveiled some highly unattractive numbers, including a net-income drop of 32% and an EPS decline of 30%, to 33 cents per share (in GAAP earnings; non-GAAP earnings weighed in at 39 cents/share, precisely as had been predicted).

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