
What a nice way to top off an already big week.
Posting first-quarter financials before market opening this morning, Microsoft said it earned 40 cents a share on revenue of $12.92 billion, besting analyst estimates that had called for a profit of 32 cents a share and revenue of $12.4 billion.
Nonetheless, the software giant still saw both profits and revenue decline for the third quarter in a row.
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Investors expecting Oracle to post fourth-quarter earnings of 44 cents per share based on analysts’ guidance received a welcome surprise today when the company reported earnings that were two cents per share better.
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Looks like Yahoo has found its new CFO. This afternoon, the company said Tim Morse will take charge of its finances. Morse, who has served as CFO for chip maker Altera since 2007 and spent 15 years at GE before that, will start work on June 17 and assume CFO responsibilities on July 1.
Welcome news, since Yahoo has been looking to fill the position since Blake Jorgensen said he would step down from the company last February.
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2009 has proven a lucrative year for departing Yahoo CFO Blake Jorgensen. Sure, he’s leaving Yahoo, but he’s doing so with a $1.8 million lump-sum severance payment, according to a company SEC filing. This in addition to the $250,000 bonus he was awarded earlier this year.
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Motorola’s dismissal of former CFO Paul Liska grows more intriguing by the day. Turns out that Liska has indeed, filed suit against his former employer, but not for “wrongful dismissal.” He’s suing for “retaliatory discharge.”
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