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
Chris Liddell said the company was facing a ‘tough environment’ as online
advertisers reined in their spending,
Daily Telegraph reported.
The software company lowered its profit predictions for 2009 after making a
Q4 pre-tax profit of $4.3bn (£2.15bn).