2023-01-24 21:08:09
Microsoft misses quarterly revenue estimates
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Microsoft Corp missed Wall Street estimates for second-quarter revenue on Tuesday, squeezed by a slump in the personal computer market that hammered its Windows software business and lower demand for its cloud services unit Azure.
Revenue grew 2 per cent to $52.7 billion in the quarter ended Dec. 31, compared with the average analyst estimate of $52.94 billion, according to Refinitiv IBES.
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