Microsoft reported quarterly earnings this morning and they were dismal. Even worse than I thought they would be.
Operating income, net income and diluted earnings per share for the quarter were $5.94 billion, $4.17 billion and $0.47, declines of 8%, 11% and 6%, respectively, despite that during the quarter, Microsoft showcased significant new product by debuting Windows 7, Windows Azure, Office Web applications, Windows Server 2008 R2 and Office Communications Server 2007 R2.
Microsoft also states the future is uncertain. Chris Liddell, chief financial officer at Microsoft: "We are planning for economic uncertainty to continue through the remainder of the fiscal year, almost certainly leading to lower revenue and earnings for the second half relative to the previous year.
Microsoft also stated it is no longer able to offer quantitative revenue and EPS guidance for the balance of this fiscal year.