Microsoft: You're not out of love with cloud, you're just 'optimizing' it for a bit
Microsoft has posted modest growth for the quarter ended December 31, 2022, with its consumer-centric products recording marked revenue dips.
Nasty numbers from Satya Nadella's software-slingers included a 39 percent decline in Windows-related revenue paid by PC manufacturers, a 34 percent drop in device revenue, a 12 percent fall in Xbox content and services revenue, and a two percent drop in revenue from Office Consumer products and cloud services . The cost of acquiring search and advertising revenue rose ten percent.
But on the earnings call, execs warned of slowing growth for Azure and associated products – from 35 percent to four or five points lower."Just as we saw customers accelerate their digital spend during the pandemic, we are now seeing them optimize that spend," he told investors.
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