NEW YORK (Reuters) – Microsoft Corp stunned Wall Street with disappointing results that included plans to slash up to 5,000 jobs and a warning that profit and revenue will almost certainly drop over the next two quarters.
The news from the world’s largest software maker, which had not been expected to report results until after the close of trading on Thursday, sent shock waves across financial markets, pulling down the Nasdaq and the dollar, and sending Treasury debt prices higher as investors sought safer assets.
Also check out official Microsoft report
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