Microsoft CFO says company "cautious" on economy

Thu Apr 24, 2008 10:30pm BST
 
Email | Print | | Single Page
[-] Text [+]

SEATTLE (Reuters) - Microsoft Corp (MSFT.O) Chief Financial Officer Chris Liddell said on Thursday it is being "cautious" on the economy, but its wide range of products and geographic diversity will support the company's earnings.

"We're being cautious just like everybody else," Liddell said in an interview with Reuters. His comments came on the heels of earnings estimates for the current quarter that disappointed some investors, sending its shares down 5 percent in after-hours trade.

Liddell, who declined to comment on the company's takeover bid of Yahoo Inc (YHOO.O), said Windows revenue was lower than the company's expectations due in part to inventory build-up of computers but added that those issues were "quarter specific."

(Reporting by Daisuke Wakabayashi; Editing by Braden Reddall)

 
Lloyd Blankfein, Chairman and CEO of Goldman Sachs, participates in a panel discussion at the Clinton Global Initiative in New York September 23, 2009.   REUTERS/Chip East
Do banks do "God's work"?

The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing "God's work".  Blog 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos