A little wake up call to green shoots galore. Microsoft took a pretty big drop in revenue (17%), and there are many who are seeing huge tech losses in the coming week.
Microsoft posted a steeper-than-expected 17 percent drop in quarterly revenue and said its business continued to be hurt by the weak global PC and server markets, sending its shares tumbling.
Microsoft earned $3.045 billion, or 34 cents a share in its fiscal fourth quarter, on sales of $13.1 billion, compared with $4.297 billion, or 46 cents a share, on sales of $15.84 billion in the same period last year.
Report is here:Microsoft Earnings - Microsoft Shares Tumble as Profit, Sales Miss Expectations - Earnings * US * News * Story - CNBC.com