Earnings: Microsoft Posts First Ever Drop in Revenue; Online Ad Revenue Falls 16 Percent

Hit hard by the recession, Microsoft (NSDQ: MSFT) reported the first year-over-year revenue drop in its history Thursday — and posted revenue short of analysts’ expectations.

The company posted net income of $2.98 billion (33 cents per share), down 32 percent from the $4.4 billion (47 cents per share) recorded during the same period a year ago. However, that included a 6 cents per share one-time charge due to severance payments and investment impairments. Revenue for the company

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