Microsoft Profit Drops 32%...Amazon UP 24%

Technology Alert
from The Wall Street Journal


Microsoft reported its profit dropped 32% and revenue fell 5.8% in its third quarter, stung by slumping PC sales and weakness across its business lines. The software giant said it sees weakness continuing at least through the current quarter.

Amazon said first-quarter profit grew 24% to $177 million, citing strong Kindle sales as it bucked the retail slump. Revenue was up 18%, with particular strength in the Internet retailer's consumer-electronics business.

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