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Saturday, July 18, 2009

Microsoft Seen Posting Sharp Profit Decline For Fiscal 4th Quarter

Microsoft is expected to post declines in profit and sales for its fiscal 4th quarter as the software giant contends with flagging sales of personal computers bundled with its technology.

Wall Street analysts on average estimate that Microsoft will post earnings of 36 cents a share for the period ending in June, on $14.38 billion in revenue, according to data from Thomson Reuters.

That compares with earnings of 46 cents a share and $15.84 billion in revenue in the same period a year earlier.

Research firm Gartner Inc. released data showing that PC shipments fell 5% in the second quarter of the calendar year, to 68.1 million units. That was a better than expected result, Gartner noted, but still an indication that the market is in decline.

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