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Microsoft has recorded its slowest sales growth in more than six years in its December quarter of 2022, as it took a $1.2 billion hit after laying off 10,000 people amid poor PC sales globally.Revenue was $52.7 billion and increased 2 per cent ...
Surface sales plunged, and they'll get worse, Microsoft said.
"We are seeing customers exercise caution in this environment, and we saw results weaken through December," said CFO Amy Hood.
MSFT earnings call for the period ending December 31, 2022.
Microsoft's balance sheet from the first quarter of 2022 tells a familiar tale: cloud revenues up, PCs struggle. But this time, PCs are really, really, suffering, as is Surface.