Microsoft Earnings Growth Seen Slowing as Computer Sales Slip
Microsoft likely recorded slower earnings and sales growth last quarter as a sharp decline in personal computer sales eroded demand for its Windows software, counteracting some of the demand for its cloud and other businesses serving companies. The Redmond, Wash., corporation's revenue growth is expected to slow to about 10% in the three months through September compared with a year earlier, while its net income is expected to edge up 1%, according to analysts surveyed by FactSet. They predicted the company would report sales of $49.66 billion and net income of $17.36 billion for the period. That would mean last quarter had the slowest revenue growth in more than five years and the lowest income growth in more than two years. The company is scheduled to announce results after the market closes on Tuesday. A weekly digest of tech reviews, headlines, columns and your questions answered by WSJ's Personal Tech gurus.
Oct-25-2022, 09:30:00 GMT
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