microsoft result show growth
Microsoft results show growth is elusive in post-PC market
SAN FRANCISCO -- The cloud may be the future, but the specter of the PC lingers. Microsoft is the latest tech giant whose earnings say that loud and clear. Microsoft on Thursday posted substantial drops in revenue and earnings as it continues to navigate from its legacy PC business into emerging technologies -- a day after chipmaker Intel announced a 11% workforce reduction. The Redmond, Wash.-based company reported a 6% decline in fiscal third-quarter revenue to 20.5 billion. Earnings of 3.8 billion, or 47 cents per share, fell 25%in the same quarter a year ago.