The Latest Breaking News from Amy Hood

A slump in PC demand coupled with a stagnating devices business and post-COVID gaming slowdown cut into Microsoft's revenue and profit, but its cloud computing unit drove growth, according to the company's second-quarter results released Tuesday.

Reuters Monkeypox Emergency Could Last Months, According To Experts

Microsoft Corporation’s (NASDAQ: MSFT) third-quarter FY22 revenue was $49.4 billion, an increase of 18% year-over-year, above the consensus of $49.03 billion. Net income improved by 8.2% to $16.73 billion, and EPS improved to $2.22 from $2.03 in 3Q21, beating the consensus of $2.18. Revenue from Productivity and Business Processes was $15.8 billion (+17%…

Microsoft Corp (NASDAQ:MSFT) CFO highlighted the success of Windows, which held ~80% share of the market in 2021, compared to ~11% for Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Google-backed Chrome OS, and 8% for Apple Inc's (NASDAQ:AAPL) MacOS, CNBC reports. Amy Hood emphasized that Windows still earned Microsoft tens of billions of dollars per year in highly profitable…