Microsoft profits down 14% as Windows hit by weak PC sales

REDMOND, Wash. (AP) — Microsoft on Tuesday reported a 14% drop in profit for the July-September quarter compared to the same time last year, reflecting a weak market for personal computers affecting its Windows business. The company reported quarterly net income of $17.6 billion, or $2.35 per share, which still slightly beat Wall Street expectations despite undershooting last year’s results. The Redmond, Washington-based software maker posted revenue of $50.1 billion, up 11% from last year, also beating expectations. Analysts were expecting Microsoft to earn $2.31 per share on revenue of $49.7 billion for the quarter.