<<Microsoft offers lackluster guidance, says new business growth slowed in December

PUBLISHED TUE, JAN 24 2023•12:00 PM EST | UPDATED 18 MIN AGO

Jordan Novet
@JORDANNOVET

KEY POINTS

• Microsoft’s Azure cloud growth slowed to 31%, barely beating analysts’ projections.

• Management called for $50.5 billion to $51.5 billion in revenue for the next quarter, while analysts expected over $52 billion, with Azure growth slowing further.

• The software maker took a $1.2 billion charge in the quarter in connection with its decision to eliminate 10,000 employees, revise its hardware lineup and consolidate leases.

Microsoft issued a disappointing revenue forecast for the current quarter in its earnings call on Tuesday, causing a reverse in the stock price after the shares initially rallied on better-than-expected earnings for the December quarter.

The technology company saw a dropoff in business at the end of 2022 in core Windows and Office areas, CEO Satya Nadella told analysts on a conference call.

Here’s how the company did:

. . . .>>


Specifics:

https://www.cnbc.com/2023/01/24/microsoft-msft-earnings-q2-2023.html


Any oldtimers here remember, in days of yore, when Dell and Microsoft stocks looked like bulldogs drooling over Apple on a comparison chart?