NEW YORK (CNNMoney.com) -- Microsoft Corp. said Thursday that declining PC sales hurt revenue, as the software giant reported quarterly sales that fell for the first time in its 23-year history as a public company.
The Redmond, Wash.-based company said sales fell 6% from a year earlier to $13.7 billion, missing analysts' expectations of $14.1 billion.
Meanwhile, the company's net income fell 32% to $2.98 billion, or 33 cents per share, in its third quarter ended March 31.
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EDIT:
I've long thought it funny when Microsoft-fans would tell me how Linux, open-source, the Mac, whatever would never be important because Microsoft products were clearly better. Now, everyone can get on the joke as Microsoft's earnings plummeted in the last quarter by over 30%.
For the stockholders among you that means Microsoft's diluted earnings per share were down 30% over last year and well below what the the analysts were expecting. What carved into Microsoft's piggy-bank? According to Microsoft it was "a poor showing in its Client, Microsoft Business Division and Server & Tools groups." In other words, pretty much everything.
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