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Microsoft CFO Peter Klein to resign

Last Updated: Friday, April 19, 2013 - 10:45

Zee Media Bureau

Seattle: After serving for more than three years as Microsoft Corp’s chief financial officer (CFO), Peter Klein all set to leave his job, as per a news wire.

Microsoft said a new CFO would be named in the next few weeks from within its ranks.

"The CFO departure is a little bit troubling," said Brendan Barnicle, an analyst at Pacific Crest Securities. "We've had a lot of executives leaving Microsoft recently. This also makes a departure by Steve Ballmer less likely. It would be very unusual to have a CEO leave soon after a CFO departure."

On Thursday, Microsoft reported a profit of USD6 billion, or 72 cents per share, in the fiscal third quarter, up from $5.1 billion, or 60 cents per share, in the year-ago quarter.

With Agency Inputs

First Published: Friday, April 19, 2013 - 10:45
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