MICROSOFT CORPORATIO

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Microsoft misses quarterly revenue estimates

01/24/2023 | 04:05pm

(Reuters) - 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% to $52.7 billion in the quarter ended Dec. 31, compared with the average analyst estimate of $52.94 billion, according to Refinitiv IBES.

(Reporting by Yuvraj Malik in Bengaluru)

Reuters 2023
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