Also making news, Microsoft afterhours with numbers. And as expected, Windows dominance is starting to get eaten up by the Tablet market, in particular the iPad, which of course has a completely different OS to the normal run of the mill PC user. Not an awful decline, but a decline nevertheless in the PC space. Business of course will continue to invest in new hardware with Microsoft software, so I guess until Apple enter that space (probably not for a long time), then the likes of SAP, Oracle and Microsoft will continue to dominate over there. Afterhours the stock is currently trading down one and a half percent.
Sadly it was a case of a bottom line match, the stock has underperformed the overall market. And looks dirt cheap at just over 11 times historical earnings with a yield of close to 2.5 percent. Sometimes cheap for a reason. Check out the Business Insider version of events: Falling PC Sales Hurt Microsoft Earnings, But Office 2010 Is Still Cranking. EVERYTHING that you wanted to know about the earnings but were too afraid to ask.