{"id":478242,"date":"2022-07-27T00:10:01","date_gmt":"2022-07-26T21:10:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/microsoft-blames-economic-woes-for-missing-profit-targets\/"},"modified":"2022-07-27T00:10:01","modified_gmt":"2022-07-26T21:10:01","slug":"microsoft-blames-economic-woes-for-missing-profit-targets","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/microsoft-blames-economic-woes-for-missing-profit-targets\/","title":{"rendered":"#Microsoft blames economic woes for missing profit targets"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25782c816cd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25782c816cd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/microsoft-blames-economic-woes-for-missing-profit-targets\/#%E2%80%9CMicrosoft_blames_economic_woes_for_missing_profit_targets%E2%80%9D\" >&#8220;Microsoft blames economic woes for missing profit targets&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CMicrosoft_blames_economic_woes_for_missing_profit_targets%E2%80%9D\"><\/span>&#8220;Microsoft blames economic woes for missing profit targets&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/microsoft-blames-econo.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2022\/microsoft-blames-econo.jpg\" data-sub-html=\"People walk past a Microsoft office on Nov. 10, 2016, in New York. Microsoft on Tuesday, July 26, 2022, reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years. Credit: AP Photo\/Swayne B. Hall, File\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/microsoft-blames-econo.jpg\" alt=\"Microsoft blames economic woes for missing profit targets\" title=\"People walk past a Microsoft office on Nov. 10, 2016, in New York. Microsoft on Tuesday, July 26, 2022, reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years. Credit: AP Photo\/Swayne B. Hall, File\" width=\"800\" height=\"530\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                People walk past a Microsoft office on Nov. 10, 2016, in New York. Microsoft on Tuesday, July 26, 2022, reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, a rare dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointment from the tech giant that has consistently beat Wall Street expectations in recent years. Credit: AP Photo\/Swayne B. Hall, File<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share\u2014a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years.<\/p>\n<p>                                                                                It posted revenue of $51.9 billion in the April-June period, up 12% from last year. Analysts had been looking for revenue of $52.94 billion, according to FactSet.<\/p>\n<p>The company blamed a number of &#8220;evolving macroeconomic conditions and other unforeseen items&#8221; for affecting its financial performance, including pandemic-related production shutdowns in China, a deteriorating personal computer market, lowered spending on advertisements and the war in Ukraine, which led Microsoft to scale down its operations in Russia.<\/p>\n<p>The company had already lowered its profit and sales estimates in early June based on what it described as &#8220;unfavorable&#8221; changes in the foreign exchange rate as the U.S. dollar surged.<\/p>\n<p>A tough season for computer sales\u2014blamed on supply chain disruptions and geopolitical instability\u2014put pressure on Microsoft&#8217;s personal computing business, which relies on licensing revenue from PC manufacturers who install its Windows operating system on their products.<\/p>\n<p>Sales from those licenses dropped 2% from the same time last year, Microsoft reported Tuesday. That, along with a 6% drop in sales of Microsoft&#8217;s Xbox gaming-related content, dragged down the company&#8217;s broader personal computing business segment, which grew just 2% to $14.4 billion for the quarter.<\/p>\n<p>The market research firm Gartner recently said global PC shipments declined 12.6% in the second calendar quarter of 2022 from the same time last year, the sharpest decline in nine years. Another report by International Data Corp. estimates PC shipments declined 15.3% during that April-June period, the second consecutive quarter of lower shipments after two years of growth.<\/p>\n<p>Growth of Microsoft&#8217;s cloud computing business made up for some of its shortfalls elsewhere. Microsoft&#8217;s cloud-based segment sold $20.9 billion for the quarter, up 20% from last year.<\/p>\n<p>Microsoft&#8217;s work-related software segment, which includes its Office suite of products, grew 13% to $16.6 billion for the quarter. That included a 26% increase in revenue from its career-focused <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> network LinkedIn, despite lower spending on ads on the service.<\/p>\n<p>Microsoft is currently aiming to close on a $68.7 billion purchase of video <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> company Activision Blizzard, in what could be the largest-ever tech industry acquisition. The deal, announced in January, awaits approval from antitrust authorities in the U.S. and the United Kingdom.\n                                                                                                                        <\/p>\n<hr\/>\n<div class=\"article-main__explore my-4 d-print-none\">\n<p>                                            Microsoft profit up 24% in quarter, driven by cloud growth\n                                        <\/p><\/div>\n<hr class=\"mb-4\"\/>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                 <strong>Citation<\/strong>:<br \/>\n                                                 Microsoft blames economic woes for missing profit targets (2022, July 26)<br \/>\n                                                 retrieved 26 July 2022<br \/>\n                                                 from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2022-07-microsoft-blames-economic-woes-profit.html<\/p>\n<p>                                            This document is subject to copyright. 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Microsoft on Tuesday, July 26, 2022, reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":478243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2022\/microsoft-blames-econo.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-478242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=478242"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/478242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/478243"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=478242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=478242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=478242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}