Microsoft Earnings -2: Doesn't See Uptick In IT Spending
REDMOND, Wash. (Dow Jones)--Microsoft Corp. (MSFT), in announcing better-than-expected second-quarter earnings, also declared a two-for-one stock split and, for the first time, a dividend.
However, the software giant warned in a statement Thursday that fiscal 2003 earnings will be weaker than Wall Street had been expecting. The company also said it doesn't foresee any short-term improvement in global information-technology spending.
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