On October 23, 2009
Microsoft Stock Hits 52-Week High
Microsoft said Friday its net income fell 18 percent in the last quarter, largely because it deferred revenue when it let summertime PC buyers get free upgrades to Windows 7, which was released this week. Investors looked past that accounting decision, noting that if it had counted its deferred Windows revenue, Microsoft’s earnings would have increased 8 percent from last year.
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