Microsoft CFO Steps Down Despite Growing Profits
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According to an earnings report, Microsoft made a total of $6.06 billion in profit this year, which is an 18% increase over the previous year.

That being said, Peter Klein, Microsoft’s chief financial officer, will be resigning after 11 years with the company. He spent four of those years as CFO. No reason was given for his departure.

 

When we look into the specifics of the earnings report, we find that Microsoft’s Entertainment and Devices division generated $2.53 billion. That’s up 56% from the previous year, but down 32% from the previous quarter.

Now, I’m sure we could all sit around and speculate about the reasons for Klein’s departure, and what it will mean for Microsoft’s Xbox division, but it probably wouldn’t help. We’ll find out once his successor is named in July. 

by Jake Valentine
04/19/2013 03:55PM

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