“Microsoft Corp.’s MSFT -0.32% quarterly earnings dropped 22% amid weak demand for personal computers and slowing growth for its once-strong business software, underscoring the stakes for the company to successfully launch its dramatically overhauled Windows operating system next week.
The software company, whose technology has long been used in most personal computers, has largely stayed on the sidelines as consumer spending shifted to smartphones and tablets. The trend has contributed to slowing sales of PCs, as has anticipation for new hardware that runs the company’s new operating software due out Oct. 26.
Microsoft said revenue for the fiscal period ended Sept. 30 declined 8%. The numbers were weighed down by Microsoft’s practice of putting off recording revenue from the revamped operating software, known as Windows 8, and other new products. Adjusted for those deferrals, revenue in the Windows division fell 9%”
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