| Thread Tools |
22nd April 2013, 06:40 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,738
| Microsoft CFO exits the Redmond hill Microsoft's CFO Peter Klein is the latest top executive to flee Redmond's Vole Hill in what some analysts think is a by-product of Steve Ballmer sticking to power. Klein is leaving at the end of June after 3-1/2 years in the post and more than a decade working for Microsoft. Microsoft said a new CFO would be named in the next few weeks from within its ranks. The Times of India points out that Microsoft is struggling with declining personal computer sales and a lukewarm reception for the new Windows 8 and the company CEO Steve Ballmer is facing lots of calls to leave too. Brendan Barnicle, an analyst at Pacific Crest Securities said that there had been a lot of executives leaving Microsoft recently. This also makes a departure by Steve Ballmer less likely. It would be very unusual to have a CEO leave soon after a CFO departure. Before becoming Microsoft CFO, Klein served as corporate vice president and CFO of Microsoft's Business Division and looked after the financial performance of the division which includes the Microsoft Office System, Unified Communications, Microsoft Business Solutions and other businesses. Klein went out in as much of a high note as possible, given the economic circumstances. Yesterday Microsoft reported a profit of $6 billion, or 72 cents per share, in the fiscal third quarter, up from $5.1 billion, or 60 cents per share, in the year-ago quarter. The cocaine nose jobs of Wall Street believed that Microsoft would make 68 cents a share and Microsoft shares rose 1.5 percent in after-hours trading. This means that the company had a strong performance for a quarter with the worst decline in PC sales on record, something a CFO could be proud of. But it also saw zero growth in its Windows unit which would have been much better if Windows 8 had been making any impact. http://news.techeye.net/business/mic...e-redmond-hill |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Redbox Instant exits private beta and launches to the public | Stefan Mileschin | WebNews | 0 | 15th March 2013 07:17 |
Microsoft to spend millions on ad campaign as Outlook.com exits preview phase | Stefan Mileschin | WebNews | 0 | 21st February 2013 10:47 |
Outlook.com exits preview with 60 million active users | Stefan Mileschin | WebNews | 0 | 19th February 2013 09:03 |
AMD embraces Redmond with Windows Server 2012 | Stefan Mileschin | WebNews | 0 | 6th September 2012 07:47 |
Layar chief exits CEO spot in favor of print guru | Stefan Mileschin | WebNews | 0 | 21st June 2012 09:02 |
Fujitsu Exits Hard Disk Drive Heads Business | jmke | WebNews | 0 | 11th May 2009 18:56 |
Leadtek Exits Graphics Market, Foxconn Enters | jmke | WebNews | 2 | 6th June 2006 08:52 |
SI-120 - King of the hill? | heat | Hardware Overclocking and Case Modding | 2 | 14th September 2005 22:33 |
Brothers in Arms: Road to Hill 30 | Sidney | WebNews | 0 | 20th June 2005 04:38 |
Soyo Taiwan exits mobo business - report | jmke | WebNews | 0 | 15th November 2004 11:32 |
Thread Tools | |
| |