Microsoft struggling to meet Wall Street despite results up

Microsoft strugglingAt the time of wrestling with Yahoo, Microsoft announces quarterly results below Wall Street expectations, despite higher revenues “in difficult economic conditions”. The world number one software said Thursday have generated 15.84 billion turnover for its fourth quarter fiscal 2008, ended June 30, up 18% over a year. Sales benefited from strong demand for the latest version of Windows Server. The American group recorded a net profit of 4.3 billion, or 46 cents per share, against 3.04 billion (31 cts / share) over the same period last year. For the current quarter, Microsoft expects earnings per share (EPS) of 47 to 48 cents for a turnover of 14.7 to 14.9 billion dollars, or results below the consensus of Wall Street (a EPS of 50 cents for a turnover of 15.06 billion, according to Reuters Estimates). Finally, over the 2008 fiscal year, Microsoft increased its net profit by 25.7% to 17.7 billion dollars. As for his annual turnover at 60.4 billion dollars, it increased by 18%. However, these results have not been enough to satisfy Wall Street. At the NASDAQ Thursday evening, the action Microsoft lost 0.99% to close at 27.52 dollars.

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