News Legal costs hit Microsoft profits

Discussion in 'Article Discussion' started by GreatOldOne, 23 Apr 2004.

  1. GreatOldOne

    GreatOldOne Wannabe Martian

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    But it doesn't stop the Juggernaught from rolling - this from the Beeb:

    Giant software firm Microsoft's profits have been hurt by the cost of settling a raft of law suits over patents and anti-trust allegations.

    Microsoft's profits dropped 38% to $1.32bn (£744m) for its third quarter to 31 March, compared with the same period a year earlier.

    Legal settlements meant a charge of $2.5bn against its pre-tax profits.

    But sales rose by a healthy 17% to $9.18bn. Technology sector analysts were delighted at the overall picture.


    Full report here
     
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