Microsoft has reported a 22% decline in fiscal Q1 revenue, which stood at $16 million.
The company’s stock is up by around 14% for the year to date.
The company reported a profit of $4.47 billion and a deferred $1.36 billion in revenue for its Office software offer, and in pre-sales and upgrades for the upcoming release of Windows 8.
At the same point year-on-year, Microsoft reported $5.74 billion profit on $17.37 billion revenue.
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