Microsoft records slowest revenue surge in 7 years| MENAFN.COM

Wednesday, 08 February 2023 01:26 GMT

Microsoft records slowest revenue surge in 7 years


(MENAFN) US multinational technology leading Microsoft witnessed its income surge by 2 percent in the fourth quarter of 2022, indicating the worst surge in the company’s history in the last 7 years.

Overall profit came in at USD52.7 billion for the time span, which the firm refers to as the second quarter for this year’s economic year.

Its cloud revenue, on the other hand, rose by 22 percent to USD27.1 billion on a yearly basis, whereas income from LinkedIn added 10 percent, but personal computing income declined 19 percent to USD14.2 billion.

Net income decreased 12 percent to USD16.4 billion in comparison with the same time span of last year.

"The next major wave of computing is being born, as the Microsoft Cloud turns the world’s most advanced AI models into a new computing platform," Chairman and chief executive Satya Nadella stated in the economic outcomes announcement.

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