Microsoft earnings hurt by slowing PC sales, stronger dollar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 27/07/2022 04:54:00
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Microsoft Corp missed estimates for quarterly revenue on Tuesday, hurt by a stronger dollar, slowing sales of PCs and lower advertisement spending.

The stock has lost about 25% this year.

Microsoft’s Azure cloud service grew by 40%, compared with analyst estimates of 43.1%, according to Visible Alpha.Revenue from its personal computing segment stood at $14.4 billion, compared with estimates of $14.68 billion.

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