Microsoft stock dives into the red after forecast misses, CFO warns about deceleration

marketwatch.com/story/microsoft-stock-jumps-5-as-profit-declines-but-cloud-growth-hits-target-11674594765

Microsoft Corp.’s profit declined more than 12% in the holiday season, and executives said Tuesday that a revenue deceleration at the end of 2022 is expected to continue into the new year as the company lays off workers.
Microsoft MSFT Chief Financial Officer Amy Hood said in a conference call Tuesday that “we are seeing customers exercise caution,” which resulted in…

This story appeared on marketwatch.com, 2023-01-25.
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