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Microsoft's 18% Growth Disappoints Wall Street

johnson-nathania
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Google wasn't the only one reporting second quarter revenues yesterday. Microsoft also dished, though they label the same period as their fiscal fourth quarter.

The software giant made $15.84 billion last quarter, up 18% over the same quarter last year. Annual revenue was $60.42 billion, which was also up 18% over the year prior.

The growth rate is not good enough for Wall Street, however, as the stock was down nearly 5% at the time of this post. Analysts see Microsoft as struggling in a weak economy.

If making $15.84 billion in three months is struggling, then I want to suffer!

Related Reading:
Microsoft Earnings Key Takeaways: Where's the Search?


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