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Microsoft Shares Fall After Statement

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Microsoft Shares Fall After Statement

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Benzinga

512 Views • Oct 26, 2022

Description

Microsoft ($MSFT@US) shares fell on Tuesday after it said that it expects a decrease in the demand for personal computers, and its net income fell 14 percent to $17.6 billion in the third quarter. Sales of its Windows operating system fell 15 percent during the same period, and although its cloud-computing platform, Azure, posted a 35 percent rise in revenue, its growth has slowed in the past year.