Microsoft’s quarterly results for the period ending March 31 were not great. Revenue was down six percent, for the first time in the company’s history. It reported huge declines of 32 percent in net income and 30 percent in diluted earnings per share when compared with the same time last year.

The segment revenue and operating income breakdown of its balance sheet shows that although Server and Tools was up and the Business Division was slightly down, the real hits were in the client business (operating income down $600m) and online services, which made a loss of $575m compared with a $226m loss in Q3 of 2008.