USD 1.7

Baku 25 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Microsoft’s profit drops 32%

Microsoft’s profit drops 32%

24 April 2009 12:48 (UTC +04:00)

Bakuâ€“ APA-Economics. Microsoft Corp. on Thursday reported a 32 percent drop in its third quarter profit to $3 billion, or 33 cents a share, compared to $4.39 billion, or 47 cents a share in the same period last year.

Redmond, Wash.-based Microsoft reported revenue of $13.65 billion, down from the year-ago quarter’s $14.45 billion.

The company cited weaker personal computer and server markets and said it also took $710 million in charges.

Chief Financial Officer Christopher Liddell said market conditions are expected to stay weak through at least another quarter.

Microsoft also reported $290 million in severance charges connected with job losses, and $420 million of investment write-downs.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED