Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent

Microsoft on Tuesday reported its slowest growth in six years and cautioned that a broader slump will continue as both consumers and businesses put the brakes on spending.
The technology giant said revenue increased 2 percent from a year earlier to $52.7 billion for the three months that ended in December. Profit fell 12 percent to $16.4 billion.
Both were below Wall Street…

This story appeared on, 2023-01-25.
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