BusinessCompany NewsMicrosoft CFO blames tough times for profit scale back

Microsoft CFO blames tough times for profit scale back

Chris Liddell puts Microsoft's decision to rein in its profit forecasts down to the hostile conditions in the global economy

Microsoft’s chief financial officer has said that the software giant is
starting to feel the effects of the economic slump after the company lowered its
profit forecasts.

Chris Liddell said the company was facing a ‘tough environment’ as online
advertisers reined in their spending,
the
Daily Telegraph
reported.

The software company lowered its profit predictions for 2009 after making a
Q4 pre-tax profit of $4.3bn (£2.15bn).

Further reading:

Microsoft
goes to Congress over Yahoo-Google deal

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