Microsoft is expected to reveal a drop in quarterly profits this week as it grapples with falling personal computer sales and the slowdown of its powerhouse cloud division.
It will update Wall Street tomorrow, days after becoming the latest Big Tech group to announce sweeping job cuts. Confirming it would shed about 10,000 jobs last week, it also braced investors for a $1.2 billion hit during the second quarter, citing severance costs and a move to get rid of some office leases.
Revenue at the American software group has slowed markedly in recent months, according to analysts, with a decline to low-single-digit growth.
Analysts estimate the group’s revenue rose by 2.4 per cent to $53 billion in the latest three months of 2022, according to
