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Microsoft bigwig quits as Windows sales stagnate, but Xbox is doing just fine

Microsoft bigwig quits over PC woes, but Xbox is doing just fine
See ya around, Klein
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Peter Klein, Microsoft's Chief Financial Officer, has announced he will be leaving the company at the end of June.

The announcement is obviously bad news for Microsoft. Although Redmond just posted a 18 per cent revenue jump in its third-quarter results (opens in new tab), that doesn't change the fact that global PC sales are on a major down right now.

The released numbers might also fail to turn around general opinion of Microsoft right now, with Forbes reporting last week that Goldman Sachs has downgraded its stock rating for the company.

CF-Go

"The bold bets we made on cloud services are paying off as people increasingly choose Microsoft services including Office 365, Windows Azure, Xbox LIVE, and Skype," said Steve Ballmer in a statement on the website.

"While there is still work to do, we are optimistic that the bets we've made on Windows devices position us well for the long-term."

When it comes to its Entertainment and and Devices Division, however, Microsoft is doing pretty well, seeing a 56 per cent increase over the same period last year. The Xbox Live userbase has also had a 18 per cent jump in the same time.

A new CFO will be announced in the coming weeks.

Via Reuters

Hugh Langley
Hugh Langley

Hugh Langley is the ex-News Editor of TechRadar. He had written for many magazines and websites including Business Insider, The Telegraph, IGN, Gizmodo, Entrepreneur Magazine, WIRED (UK), TrustedReviews, Business Insider Australia, Business Insider India, Business Insider Singapore, Wareable, The Ambient and more.


Hugh is now a correspondent at Business Insider covering Google and Alphabet, and has the unfortunate distinction of accidentally linking the TechRadar homepage to a rival publication.