Microsoft Misses Revenue Expectations, Citing Strong Dollar

South Africa News News

Microsoft Misses Revenue Expectations, Citing Strong Dollar
South Africa Latest News,South Africa Headlines
  • 📰 THR
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

The company touted its acquisition of video advertising platform, Xandr, as part of its new partnership with Netflix.

American Sign Language Xbox Channel on Twitch Is a Game Changer for Deaf Gamers: "We Can Finally Participate"

In the earnings release, the company also cited “reductions in advertising spend,” which negatively impacted LinkedIn, as well as Search and news advertising revenue to the tune of more than $100 million. This was in addition to production shutdowns in China, scaled down operations in Russia, due to the war in Ukraine, and $113 million in employee severance expenses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

THR /  🏆 411. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS misses expectations; CEO cites one of the 'most challenging' quarters for investors in a decadeUBS misses expectations; CEO cites one of the 'most challenging' quarters for investors in a decadeUBS posted net profit attributable to shareholders of $2.108 billion, below analyst expectations aggregated by the Swiss bank.
Read more »

UBS misses expectations; CEO cites one of the 'most challenging' quarters for investors in a decadeUBS misses expectations; CEO cites one of the 'most challenging' quarters for investors in a decadeUBS posted net profit attributable to shareholders of $2.108 billion, below analyst expectations aggregated by the Swiss bank.
Read more »

Coca-Cola Earnings Beat Wall Street Estimates as Sales Volume Recovers From PandemicCoca-Cola Earnings Beat Wall Street Estimates as Sales Volume Recovers From PandemicCoke reported quarterly earnings and revenue Tuesday that exceeded analysts’ expectations.
Read more »

Strong dollar vs. euro: Time to book European travel?Strong dollar vs. euro: Time to book European travel?With the U.S. dollar and euro hitting parity earlier this month, many Americans have considered traveling abroad to take advantage of the better exchange rate.
Read more »

Microsoft blames economic woes for missing profit targetsMicrosoft blames economic woes for missing profit targetsThe company blamed a number of “evolving macroeconomic conditions and other unforeseen items” for affecting its financial performance, including pandemic-related production shutdowns in China, a deteriorating personal computer market, lowered spending on advertisements and the war in Ukraine, which led Microsoft to scale down its operations in Russia.
Read more »

Why a Strong Dollar Is a Double-Edged Sword for the U.S. EconomyWhy a Strong Dollar Is a Double-Edged Sword for the U.S. EconomyWatch: The dollar is getting stronger. While that may sound like something to be happy about, a runup in the value of the dollar can ripple through the economy in unexpected ways. We explain.
Read more »



Render Time: 2025-03-06 14:11:55