{"id":503772,"date":"2022-10-25T23:38:51","date_gmt":"2022-10-25T20:38:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/microsoft-profits-down-14-as-windows-hit-by-weak-pc-sales\/"},"modified":"2022-10-25T23:38:51","modified_gmt":"2022-10-25T20:38:51","slug":"microsoft-profits-down-14-as-windows-hit-by-weak-pc-sales","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/microsoft-profits-down-14-as-windows-hit-by-weak-pc-sales\/","title":{"rendered":"#Microsoft profits down 14% as Windows hit by weak PC sales"},"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-6a27653cb7442\" 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-6a27653cb7442\" 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-profits-down-14-as-windows-hit-by-weak-pc-sales\/#%E2%80%9CMicrosoft_profits_down_14_as_Windows_hit_by_weak_PC_sales%E2%80%9D\" >&#8220;Microsoft profits down 14% as Windows hit by weak PC sales&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CMicrosoft_profits_down_14_as_Windows_hit_by_weak_PC_sales%E2%80%9D\"><\/span>&#8220;Microsoft profits down 14% as Windows hit by weak PC sales&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/MICROSOFT-satya-nadella.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Microsoft\u00a0Corp\u00a0posted its slowest quarterly revenue growth in five years and a 14% drop in profit on Tuesday as the tough macroeconomic conditions hit PC sales and slowed cloud growth, which had supercharged the earnings for years.<\/p>\n<p>The company reported revenue of $50.12 billion for its fiscal first quarter, up 11% year-on-year, and slightly above analysts\u2019 expectations of $49.61 billion, according to Refinitiv IBES data.<\/p>\n<p>\u201cThe Street is fearing a softer guide from Nadella and that is contributing to the weakness after hours,\u201d said Daniel Ives, analyst at Wedbush Securities, referring to CEO Satya Nadella\u2019s earnings call.<\/p>\n<p>\u201cThe PC market was worse than we expected in Q1,\u201d Brett Iversen, head of\u00a0Microsoft\u2019s investor relations, told Reuters. \u201cWe continued to see that deteriorate throughout the quarter, which impacted our windows OEM business.\u201d<\/p>\n<p>Shares of the Redmond, Wash.-based company fell 2% in trading after the bell.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Windows OEM business, which includes the operating software\u00a0Microsoft\u00a0sells to PC makers, dropped 15% year-on-year. Iversen said that part of the business did not have much of an impact from foreign-exchange headwinds and the impact was mainly PC market driven.<\/p>\n<p>Still, a diverse portfolio of products including Outlook and Teams has made\u00a0Microsoft\u00a0essential to businesses adopting flexible work models, helping it retain and attract customers at a time when a broader economic slowdown has s<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>ed corporate spending.<\/p>\n<p>The Azure cloud-computing unit also benefited from companies seeking to digitize their operations, winning large deals as businesses lean on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to cut costs.<\/p>\n<p>Azure grew 35% in the three months ended Sept. 30, but it missed the 36.5% analyst target compiled by Visible Alpha due to a stronger dollar. Excluding foreign-exchange factors, Azure was up 42%.<\/p>\n<p>Microsoft\u2019s broader Intelligent Cloud division posted a 20% rise in revenue to $20.33 billion, almost in line with estimates of $20.37 billion, according to Refinitiv.<\/p>\n<p>\u201cWe continue to see healthy demand across our commercial businesses including another quarter of solid bookings,\u201d said Chief Financial Officer Amy Hood in the earnings statement.<\/p>\n<p>Net income fell to $17.56 billion, or $2.35 per share, during the quarter ended Sept. 30, from $20.51 billion, or $2.71 per share, a year earlier.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/10\/25\/microsoft-profits-down-14-as-windows-hit-by-weak-pc-sales\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Microsoft profits down 14% as Windows hit by weak PC sales&#8221; Microsoft\u00a0Corp\u00a0posted its slowest quarterly revenue growth in five years and a 14% drop in profit on Tuesday as the tough macroeconomic conditions hit PC sales and slowed cloud growth, which had supercharged the earnings for years. The company reported revenue of $50.12 billion for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":503773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/10\/MICROSOFT-satya-nadella.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134559,73636,70237,70286],"class_list":["post-503772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-25-22","tag-cloud-computing","tag-corporate-earnings","tag-microsoft"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503772","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=503772"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/503772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/503773"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=503772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=503772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=503772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}