Microsoft reports first-ever revenue decline

Microsoft posted quarterly revenue that showed a decline from the previous year for the first time in its 23-year history as a public company. The world’s largest software maker said its profit dropped 32 percent to $2.98 billion, or 33 cents per share. Revenues in the fiscal third quarter slipped 6 percent to $13.65 billion from $14.45 billion […]

Microsoft posted quarterly revenue that showed a decline from the previous year for the first time in its 23-year history as a public company. The world’s largest software maker said its profit dropped 32 percent to $2.98 billion, or 33 cents per share. Revenues in the fiscal third quarter slipped 6 percent to $13.65 billion from $14.45 billion last year.

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