Friday, 24 March, 2023

Microsoft's Cloud and PC Predictions Alarm Investors as Economy Faltered

<p>There is concern that macroeconomic headwinds are affecting both the cloud business and the PC sector as Microsoft predicted second-quarter revenue below Wall Street targets across all of its business units. Microsoft&#39;s first-quarter revenue growth was its weakest in five years, and the company&#39;s shares dropped 7% in after-hours trade.&nbsp;Even it&#39;s Cloud, Azure&#39;s increase fell to 35% in the business&#39;s first fiscal quarter of 2023, while the company expects another fall.</p>