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Microsoft CFO to leave; profit, shares rise

Reuters/ AFR | April 19, 2013
Microsoft chief financial officer Peter Klein is leaving at the end of June after three and a half years in the post, as the world's biggest software company struggles with sharply declining personal computer sales and a lukewarm reception for the new Windows 8 operating system.

As recently as April 5 the average analyst estimate was 76 cents. Profit was boosted by some deferred revenue from its Windows, Office and video game operations, but cut severely by a $US733 million fine by European antitrust regulators for breaking promises relating to expanding the choice of Internet browsers on Windows.

Overall, sales rose to $US20.5 billion from $US17.4 billion a year ago, in line with analysts' estimates. "There's nothing in the report that's going to make the stock break out of the range that it's been in," said Colin Gillis, an analyst at BGC. "The stock's trading at $US29.11 - what we were at 11 years ago."

 

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