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Microsoft Says Q4 2022 Sales Slowed, Profits Slumped as Cloud Computing Revenue Sees Growth
Microsoft on Tuesday announced its earnings for Q4 2022, revealing that sales slowed and profits slumped in the last quarter of the year. Overall sales rose just two percent in the October-to-December period, the slowest rise in six years, according to the Redmond company.
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IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
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Microsoft Says Q4 2022 Sales Slowed, Profits Slumped as Cloud Computing Revenue Sees Growth
Microsoft on Tuesday announced its earnings for Q4 2022, revealing that sales slowed and profits slumped in the last quarter of the year. Overall sales rose just two percent in the October-to-December period, the slowest rise in six years, according to the Redmond company.
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IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates
IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...
