microsoft revenue – pressnews

[ad_1] The warning from Microsoft came after a steep fall in client spending prompted tech heavyweights from Amazon.com Inc to Meta Platforms to slash jobs and save cash. Microsoft Corp's lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned that its customers were cautious about spending in a turbulent economy. The warning from Microsoft, the second most valuable U.S. company, came after a steep fall in client spending prompted tech heavyweights from Amazon.com Inc to Meta Platforms to slash jobs and save cash. Microsoft, along with Big Tech peers Amazon and Apple Inc, pared losses from earlier on Wednesday to trade nearly 1% lower. Alphabet Inc was down 3%. The companies are four of the biggest by market val...

[ad_1] Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment. Bitcoin is flirting with its first back-to-back drop since the start of the year following a poor revenue outlook from technology bellwether Microsoft Corp. that dented wider investor sentiment.The largest token fell as much as 2.5% and was trading at about $22,650 as of 6:11 a.m. in London on Wednesday after edging lower in US hours. A range of smaller coins, from Ether to Cardano to Avalanche, were also in the red. Digital assets are among the many investments that jumped at the start of 2023 on bets that central banks will slow or even reverse interest-rate hikes in the months ahead....

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Microsoft’s dour outlook raises red flags for tech sector