Software giant Microsoft edged above Wall Street's targets for its fiscal first quarter, thanks to growth in its cloud computing businesses. Read More...
The Wall Street Journal
Microsoft Earnings Growth Seen Slowing as Computer Sales Slip
Microsoft likely recorded slower earnings and sales growth last quarter as a sharp decline in personal computer sales eroded demand for its Windows software, counteracting some of the demand for its cloud and other businesses serving companies. The Redmond, Wash., corporation’s revenue growth is expected to slow to about 10% in the three months through September compared with a year earlier, while its net income is expected to edge up 1%, according to analysts surveyed by FactSet. The software giant, which gets the lion’s share of its sales from companies, is doing better than tech companies that depend more on consumer spending and advertising.
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