-
Microsoft blames turbulent economy as it misses profit targets | Business News
admin
Microsoft missed its profit targets on Tuesday, blaming the turbulent economy. The tech giant reported a fourth-quarter profit of $16.7bn (£13.8bn) – or $2.23 per share. Revenue came in at $51.9bn (£43.1bn), which was up 12% from last year. Analysts had been forecasting $2.29 per share and revenue of $52.94bn (£44bn), according to FactSet. Microsoft…