Microsoft posted quarterly revenues down year-on-year for the first time in its 23-year history as a public company, with Q3 sales down 6% to $13.6bn, lower than Wall Street expectations. Profits were down 32% to $2.98bn, with these figures including a $290m severance charge from some of the 5,000 layoffs announced in January. Windows division revenues fell 16% to $3.4bn, with the division that makes Office reporting sales down 5% to $4.5bn. Chief financial officer Chris Liddell warned: "We expect the weakness to continue through at least the next quarter." The results did not sway investors who helped the Seattle-based technology giant’s share price to climb almost 5% after the results were announced.
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