REDMOND, WASHINGTON - Legal expenses in its fiscal fourth quarter dragged down Microsoft's net earnings to $2.83 billion (€2.24bn; £1.53bn) versus $3.7bn year-on-year. The charge included an antitrust-related fine levied by the European Union.
The software titan also revealed it will spend $1.5bn on developing new products in the current fiscal year to June 30, 2007.
These will include a raft of previously announced internet services designed to boost Microsoft's slipping position against Google and other web-centric rivals.
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.