From Breakingviews - Microsoft’s revenue sniffles are tech’s flu
in the latest quarter, the slowest in over five years, is alarming. Customers who overinvested during the pandemic are now retrenching, even on Microsoft’s staples. It’s a poor omen for firms built on more discretionary offerings.
Sure, the top line still reached $52.7 billion in the quarter. Microsoft’s productivity software remains standard among office workers. Moreover, companies continue to move more data and applications to Microsoft’s cloud. Its Azure platform grew 31%, a trend that ought to be sustainable for a while yet.
according to market researcher Gartner, the largest decline it has ever recorded. Microsoft’s revenue from computer manufacturers for installing the Windows operating system fell 39%.Tech firms in particular
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