Microsoft revenue falls for first time in 23 years
Seattle PI | at | by Mike
Microsoft said Thursday that quarterly revenue fell 5.6 percent over last year because of falling PC and server sales in the global markets.
The Redmond-based software company also reported that net income fell 32 percent.
The quarterly revenue fall, year-over-year, marked a first for Microsoft's history as a public company. (Microsoft first went public in 1986.) Sales were expected to be down because PC shipments are down, and the Windows operating system and business software account for Microsoft's largest source of revenue.