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Microsoft profit falls, but results top expectations
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#1
10-23-2009
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Microsoft profit falls, but results top expectations
Microsoft has released its financial results for the first quarter of fiscal 2010, managing to beat forecasts despite a drop in both revenue and profit compared to last year. Specifically, the company's net income slipped to $3.57 billion, or 40 cents a share, from $4.37 billion a year ago while revenue fell 14 percent to $12.92 billion.
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