Microsoft's Revenue Jumps 7% - Stock Prices Still Fall
Microsoft posted fiscal first quarter revenues $17.37 billion dollars. This is a 7% jump over the period a year ago. The figure also met analyst expectations but didn't stop the stock price from falling after the news. The reason is that analysts could have increased their original expectations after Apple's Mac revenue saw a 48% over the same period.
In positive news for Microsoft, the company saw a 2% increase in revenue from their Windows line. But this was offset by a 8% increase in wages for the business division. The company's Bing search engine also gained 11% market share as well.