Double-digit growth for tech giants; IBM tops analysts' expectations, but Microsoft falls slightly shy
Despite a sagging economy, tech giants Microsoft and IBM on Thursday reported double-digit growth in quarterly revenue and profits. IBM handily beat most analysts' forecasts and raised its estimates for what it expects to earn this year. But Microsoft's fiscal fourth-quarter profit fell a bit short of Wall Street's expectations. The software giant also posted lower-than-expected guidance about the current summer quarter....
7/18/2008 12:00:00 PM
News & Issues - Business/Financial News
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