Thursday, April 24, 2008

Microsoft sees slide in profits

Computer software giant Microsoft has <A HREF="http://news.bbc.co.uk/1/hi/business/7366106.stm">seen third quarter profits fall,</A> but beat market expectations. Profits fell 11-percent to $4.39bn in the three months to 31 March from $4.93bn a year earlier. Sales were stable at $14.5bn.

Sales in the division selling Office and other business applications fell, hit by lower demand. The results come before a deadline the firm has given Yahoo to respond to its $44.6bn bid for the Internet firm.

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