Microsoft owes everyone more context for mass Xbox layoffs
Costs are down, revenues are up, and its stock has never been higher—yet Microsoft still laid off nearly 2,000 developers.
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Costs are down, revenues are up, and its stock has never been higher—yet Microsoft still laid off nearly 2,000 developers.
Operator: Greetings, and welcome to the Microsoft Fiscal Year 2024 Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Microsoft (MSFT) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Microsoft: "We've moved from talking about AI to applying AI at scale," CEO Satya Nadella said in a statement. "By infusing AI across every layer of our tech stack, we're winning new customers and helping drive new benefits and productivity gains across every sector."
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