Microsoft Corp.’s profit declined more than 12% in the holiday season, and executives said Tuesday that a revenue deceleration at the end of 2022 is expected to continue into the new year as the company lays off workers.
Microsoft MSFT Chief Financial Officer Amy Hood said in a conference call Tuesday that “we are seeing customers exercise caution,” which resulted in “moderating consumption growth in Azure and lower-than-expected growth in new business” in December. Hood then said that “we expect business trends that we saw…
Source: https://www.marketwatch.com/story/microsoft-stock-jumps-5-as-profit-declines-but-cloud-growth-hits-target-11674594765?siteid=yhoof2&yptr=yahoo