GeekWire File Photo Microsoft’s revenue rose 2% to $52.7 billion in its second fiscal quarter, just missing Wall Street’s expectations, as profits dropped 7% to $17.4 billion, not counting a special charge related to its layoffs — providing a glimpse of the growing economic uncertainty that the company cited in announcing the cutbacks last week. The company reported strength in some of its products and services for businesses, led by a 22% increase in Microsoft Cloud revenue, to $27.1 billion. This category includes Microsoft Azure, Office 365 Commercial, the commercial portion of LinkedIn, and other cloud-related revenue. However, other parts of Microsoft’s business experienced significant declines. Windows revenue fell 27% to $4.8 billion, including a decline of 39% in revenue from versions of Windows licensed to computer manufacturers. Microsoft blamed factors including continued PC market weakness. Microsoft gaming revenue, including Xbox, declined 12% to $4.7 billion. The company cited fewer new games from its own studios, and lower monetization of games made by third-party developers. An unspecified increase in Xbox Game Pass subscriptions wasn’t enough to overcome those declines. Devices revenue, including Microsoft Surface tablets and computers, fell 37% to $1.4 billion. The company cited the struggling PC market […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
