|
|
|
|
Microsoft logs slowest quarter growth in 6 years, PC sales nosedive
|
|
|
|
| Top Stories |
 |
|
|
|
IANS | 26 Jan, 2023
Microsoft has recorded its slowest sales growth in more than six years
in its December quarter of 2022, as it took a $1.2 billion hit after
laying off 10,000 people amid poor PC sales globally.
Revenue
was $52.7 billion and increased 2 per cent while net income was $16.4
billion, decreased 12 per cent for the quarter that ended December 31.
Revenue
in the 'More Personal Computing' was $14.2 billion and decreased 19 per
cent. While Windows OEM revenue decreased 39 per cent, Xbox content and
services revenue decreased 12 per cent and devices revenue decreased 39
per cent.
Microsoft Chairman and CEO Satya Nadella said the next
major wave of computing is being born, as the Microsoft Cloud turns the
world's most advanced AI models into a new computing platform.
"We
are committed to helping our customers use our platforms and tools to
do more with less today and innovate for the future in the new era of
AI," said Nadella.
Microsoft has made a "multiyear, multibillion dollar" investment in ChatGPT developer OpenAI.
Last week, the company said it will begin integrating ChatGPT into its Azure cloud services offerings.
"We
are focused on operational excellence as we continue to invest to drive
growth. Microsoft Cloud revenue was $27.1 billion, up 22 per cent
year-over-year as our commercial offerings continue to drive value for
our customers," said Amy Hood, executive vice president and chief
financial officer of Microsoft.
While LinkedIn revenue increased
10 per cent, Search and news advertising revenue excluding traffic
acquisition costs increased 10 per cent in the quarter.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
|
|
| Daily Poll |
 |
 |
| What’s your biggest challenge with the 45-day payment rule? |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
