2 posts and columns on Frank Brod

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Liveblogging Microsoft’s Earnings Call

in News on April 22, 2010 at 3:12 pm PT

Driven by strong sales of its flagship Windows operating system, Microsoft’s profit rose 35 percent in the fiscal third quarter, surpassing analysts’ estimates. Clearly, the company is seeing a nice bit of uplift from a recovering PC market. After the jump, excerpts from The Wall Street Journal Digits liveblog of Microsoft’s earnings call.

Microsoft Earnings and Revenues Take a Big Hit; 5,000 to Be Laid Off (Plus the Full Press Release)

in News on January 22, 2009 at 6:04 am PT

Microsoft said its financial performance took a major hit, with revenue up only two percent and net income down 11 percent, whiffing badly on Wall Street’s expectations. In addition, the software giant said that it would cut 5,000 jobs and other costs across many divisions over the next 18 months, starting with 1,400 today, pegging operating cost savings at $1.5 billion annually. Perhaps most ominously, Microsoft said it would not give profit and revenue guidance for the rest of the year because of the economy’s turmoil. Apparently, even the smartest of techies have little insight to this very foggy financial situation.