Microsoft Earnings Likely Slid Last Quarter Amid Economic Concerns

Microsoft has announced plans to eliminate 10,000 jobs in response to the global economic slowdown.Microsoft Corp. likely recorded its slowest sales growth in more than six years last quarter as economic concerns cooled demand for its software andThe Redmond, Wash.

, firm’s revenue growth is expected to slow to less than 3% in the three months through Dec. 31 compared with a year earlier while its net income is expected to fall more than 8%, according to financial analysts surveyed by FactSet . They predicted the company would announce sales of $53.12 billion and a net income of $17.21 billion for the period.

😬😬😬

That's because they did what was once thought impossible, they released a Windows that was worse than Windows 8.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings playbook: What investors can expect out of Tesla, Microsoft and BoeingThe corporate earnings season ramps up this week, as investors look for more clarity on how companies are weathering persistent inflation and interest rates. If it's cramers pick? do the opposite Cramer was probably the cheapest “analyst” that’s why he’s still there 🤣 Tech hiring spree is cyclical.
Source: CNBC - 🏆 12. / 72 Read more »

Earnings Watch: Microsoft, Tesla and Intel are about to face the doubtersTesla, Intel and Microsoft face bigger questions about the path forward, after their shares took a beating last year. $TSLA Boycott Tesla Worry is like fog. It only blurs your vision NOT your DREAM.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla, Microsoft, Boeing earnings, along with GDP top week aheadApple's new macbook, as well as earnings from Visa, Mastercard, and American Express and most major airlines including JetBlue and Southwest headline a busy week.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Microsoft shoots for AI integration as layoffs at the company continueMicrosoft CEO says OpenAI partnership will allow companies to access tools like ChatGPT in workplace emails, slideshows, and spreadsheets We can learn everything by dear ChatGPT But can it help me in making more money also, please 💰 😊 Microsoft partnership, will only make OpenAI become ridiculously expensive. I wish someone else would create a real openAI which is free and accessible by all. Great article. I’m an SWE and ChatGPT is a massive ongoing topic
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft is laying off 10,000 employees | CNN BusinessMicrosoft plans to lay off 10,000 employees as part of broader cost-cutting measures, the company said in a securities filing on Wednesday, making it the latest tech company to reduce staff because of growing economic uncertainty.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »

Tech stock rebound faces doubters with earnings season ahead By Reuters*TECH STOCK RALLY FACES MAJOR HURDLE IN WEEK AHEAD AS MEGACAP EARNINGS SEASON STARTS - $DIA $SPY $QQQ $MSFT $TSLA 🇺🇸🇺🇸 👀 GAFA!GAFA! 135 September amazon calls , 200 meta calls and 110 alphabet 3/17 calls 🤷🏻‍♂️🤝🏻
Source: Investingcom - 🏆 450. / 53 Read more »