There is a first time for everything, as we learned from the dro p in Microsoft profits the company reported yesterday (Thursday) after market close.
Microsoft Corp. (Nasdaq: MSFT) posted its first quarterly loss as a public company - breaking a 26-year record.
Now the company hopes its crop of new products launching this fall will not only boost profits, but edge out the strengthening competition.
"Microsoft is a very strong enterprise player," Tony Ursillo, an analyst at Loomis Sayles & Co. told Bloomberg News following the report. "There was lots of evidence in tonight's report that they are a force to be reckoned with in the enterprise."