The Latest Breaking News from Amy Hood

A slump in PC demand coupled with a stagnating devices business and post-COVID gaming slowdown cut into Microsoft's revenue and profit, but its cloud computing unit drove growth, according to the company's second-quarter results released Tuesday.

"The stronger US dollar decreased total company revenue by five points," CFO Amy Hood said, adding that "our outlook has many of the trends we saw at the end of Q1, continue into Q2."

Reuters Monkeypox Emergency Could Last Months, According To Experts

Microsoft Corporation’s (NASDAQ: MSFT) third-quarter FY22 revenue was $49.4 billion, an increase of 18% year-over-year, above the consensus of $49.03 billion. Net income improved by 8.2% to $16.73 billion, and EPS improved to $2.22 from $2.03 in 3Q21, beating the consensus of $2.18. Revenue from Productivity and Business Processes was $15.8 billion (+17%…

Microsoft Corp (NASDAQ:MSFT) CFO highlighted the success of Windows, which held ~80% share of the market in 2021, compared to ~11% for Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Google-backed Chrome OS, and 8% for Apple Inc's (NASDAQ:AAPL) MacOS, CNBC reports. Amy Hood emphasized that Windows still earned Microsoft tens of billions of dollars per year in highly profitable…

Real Money's Eric Jhonsa covers Microsoft's fiscal second-quarter earnings report and conference call with management.

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