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Microsoft Earnings Likely Slid Amid Economic Concerns

January 24, 2023

Microsoft Corp. likely recorded its slowest sales growth in more than six years last quarter as economic concerns cooled demand for its software and cloud services.

The Redmond, Wash., company’s revenue growth is expected to slow to less than 3% in the three months through Dec. 31 from a year earlier, while its net income is expected to fall more than 8%, according to financial analysts surveyed by FactSet. They predicted that the company would post sales of $53.12 billion and net income of $17.21 billion for the period.

Read More on The Wall Street Journal