Tuesday, February 17, 2009

MICROSOFT SEES SALES IMPACT FROM ECONOMY: CEO

Barcelona
The Economic Times

Microsoft's revenues will be impacted by the economic slowdown, Chief Executive Steve Ballmer said on Monday.

"Revenues in our industry, and in our company, will be affected by the economic conditions," Ballmer said in an interview on sidelines of Mobile World Congress trade show in Barcelona.

On Jan 22 Microsoft stunned Wall Street with disappointing results that included plans to slash up to 5,000 jobs and a warning that profit and revenue will almost certainly drop over the next two quarters.

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