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Microsoft logs slowest quarter progress in 6 years, PC gross sales nosedive

New Delhi, Jan 25 Microsoft has recorded its slowest gross sales progress in additional than six years in its December quarter of 2022, because it took a $1.2 billion hit after shedding 10,000 individuals amid poor PC gross sales globally.

Income was $52.7 billion and elevated 2 per cent whereas web revenue was $16.4 billion, decreased 12 per cent for the quarter that ended December 31.

Income within the ‘Extra Private Computing’ was $14.2 billion and decreased 19 per cent. Whereas Home windows OEM income decreased 39 per cent, Xbox content material and providers income decreased 12 per cent and gadgets income decreased 39 per cent.

Microsoft Chairman and CEO Satya Nadella stated the subsequent main wave of computing is being born, because the Microsoft Cloud turns the world’s most superior AI fashions into a brand new computing platform.

“We’re dedicated to serving to our prospects use our platforms and instruments to do extra with much less immediately and innovate for the long run within the new period of AI,” stated Nadella.

Microsoft has made a “multiyear, multibillion greenback” funding in ChatGPT developer OpenAI.

Final week, the corporate stated it is going to start integrating ChatGPT into its Azure cloud providers choices.

“We’re targeted on operational excellence as we proceed to take a position to drive progress. Microsoft Cloud income was $27.1 billion, up 22 per cent year-over-year as our industrial choices proceed to drive worth for our prospects,” stated Amy Hood, govt vp and chief monetary officer of Microsoft.

Whereas LinkedIn income elevated 10 per cent, Search and information promoting income excluding visitors acquisition prices elevated 10 per cent within the quarter.

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