Microsoft just posted shocking year end results refelecting weakness in almost every area except for operating expenses where costs are also down by 10% reflecting strong fiscal management:
- Revenue down 17% y/y
- Revenue of $13.1 billion vs. street estimate $14.4 billion
- Net income down 29% y/y
- Operating expenses down 10% y/y
- Weakness in the business PC and server hardware markets
- Client [...]
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