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Microsoft axes 5,000 staff as Q2 profit dives 11%
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Written by Danrok   
Thursday, 22 January 2009 10:31

From The Register:Image

Microsoft is slashing 5,000 jobs after it posted a profit of $4.17bn, or 47 cent per share, in its second quarter earnings report, undershooting Wall Street expectations.

The software giant, which saw its shares fall 8.5 per cent to $17.88 following the announcement, said it would not be offering profit forecasts for the rest of the fiscal year.

 

For the second quarter ended 31 December 2008, revenue climbed slightly by two per cent to $16.63bn. Analysts had forecast $17.1bn for Microsoft’s Q2 results.

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