Overview
Following the bell, Microsoft released its earnings report, which exceeded analyst expectations. According to Refinitiv, the company earned $2.45 per share, compared to the expected $2.23 per share, and generated revenue of $52.86 billion, beating the expected $51.02 billion.
Although the projected revenue growth for the quarter is 3%, it will mark a second consecutive quarter of growth below 10%. Prior to this, the company had experienced double-digit growth in every quarter since 2017, except for the previous quarter.
Microsoft’s PC Division Slumps 30%
The weakest results are anticipated in Microsoft’s personal computing division, which includes the sale of Windows operating system licenses to PC manufacturers,…
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