Tuesday, February 7, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Biz Plus

Microsoft earnings fall short as computer sales sag

AFPbyAFP
July 27, 2022, 10:00 am
in Biz Plus, Business
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand.

A general view of Microsoft signage during BIG3 Week Six at Comerica Center on July 24, 2022 in Frisco, Texas. AFP

The US technology giant reported profit of $16.7 billion on revenue of $51.9 billion, topping the same quarter a year earlier but missing market forecasts.

The earnings stumble was due mostly to foreign exchange rates and shutdowns of personal computer factories in China, Wedbush analyst Dan Ives said in a note to investors.

Microsoft said that the strong US dollar made its offerings more costly in foreign markets, hurting sales.

“The most important core business; cloud and commercial bookings was relatively rock solid despite fears,” Ives said.

ADVERTISEMENT

“The core DNA of the Microsoft growth story is cloud and core Azure growth which was healthy this quarter and appears to have momentum into 2023 despite economic headwinds.”

Microsoft shares were up some 4 percent in after-market trades that followed release of the earnings figures.

“In a dynamic environment we saw strong demand, took share, and increased customer commitment to our cloud platform,” said Microsoft chief financial officer Amy Hood.

Shutdowns at computer production facilities in China in May, and a deteriorating market for personal computers, cost Microsoft some $300 million in revenue it would have made from Windows operating systems bought to power the machines, the earnings report indicated.

The personal computer market had been in steady decline prior to the pandemic, as people turned to smartphones or tablets.

A massive shift to shopping, working, socializing, and playing from home reignited demand for desktop computing power, but it remains to be seen whether that appetite will remain post-pandemic.

Ad revenue at Microsoft’s online news, search, and career social network LinkedIn suffered due to companies cutting marketing budgets due to broad economic woes, the company said.

The tech veteran based in the US state of Washington also logged $126 million in operating expenses related to scaling back its operations in Russia because of that country’s invasion of Ukraine.

Microsoft saw consumers spend less on Xbox videogame content in the quarter compared to the same period a year earlier, in a possible sign that many are out playing in the real world more as pandemic restrictions ease.

However, Microsoft’s cloud, business, and productivity offerings continued to thrive.

“We see real opportunity to help every customer in every industry use digital technology to overcome today’s challenges and emerge stronger,” said Microsoft chief executive Satya Nadella.

Tags: Chinacomputer salesMicrosoft
ADVERTISEMENT
AFP

AFP

Related Posts

MPIC buying 34.7% of Axelum for P5.32b

byJenniffer B. Austria
February 7, 2023, 8:05 pm
0
8
Metro Pacific moves to expand operations, provide better customer services in 15 years

Metro Pacific Investments Corp. is acquiring a 34.76-percent interest in coconut manufacturer and exporter Axelum Resources Corp. for P5.32 billion,...

Read more

Globe’s net income jumped 46% to P34.6b in 2022

byDarwin G. Amojelar
February 7, 2023, 8:00 pm
0
8
How to throw a hybrid holiday party

Digital solutions platform Globe said Tuesday net profit grew by 46 percent last year, despite the challenging economic conditions. Globe...

Read more

PSE clears P1.87-b maiden offering of Alternergy Holdings

byJenniffer B. Austria
February 7, 2023, 7:55 pm
0
8
PSE approves P8-b stock rights offering of DITO CME; Figaro Coffee postpones IPO to January 2022

The Philippine Stock Exchange said Tuesday it approved the P1.87-billion initial public offering of Alternergy Holdings Corp., a renewable energy...

Read more

Chevron added 28 Caltex retail stores last year to continue expansion in PH

byAlena Mae S. Flores
February 7, 2023, 7:50 pm
0
8
Chevron assures public of commitment

Chevron Philippines Inc. said Tuesday it opened 28 new retail sites under the Caltex brand across the country in 2022,...

Read more

DTI chief urges Senate to ratify RCEP trade accord to lift exports

byOthel V. Campos
February 7, 2023, 7:45 pm
0
8
Fred Pascual

By Othel V. Campos Trade Secretary Alfredo Pascual called on the Senate to ratify the Regional Comprehensive Economic Partnership amid...

Read more

Cebu Landmasters reports P18.9b in reservation sales

byJenniffer B. Austria
February 7, 2023, 7:40 pm
0
8
Cebu Landmasters reports higher sales

Property developer Cebu Landmasters Inc. said Tuesday it booked P18.88 billion in reservation sales last year, up 14 percent from...

Read more

Print Edition

View More

Recent Posts

  • DENR-EMB seeks zero waste goal
  • MMDA tests EDSA stop-go traffic scheme
  • UnionBank’s SRO
  • Cyberpark 3 project
  • Cignal best player
  • Yulo, Obiena, Filipinas lead PSA’s 2022 major awardees
  • Eala won’t play in 32nd SEA Games
  • Palarong Pambansa to reopen on July 29 with new format

Advertisement

Latest News

Yulo, Obiena, Filipinas lead PSA’s 2022 major awardees

byManila Standard Sports
February 7, 2023, 8:55 pm
0
8
Arcilla foils Seno, bags Naga Open tennis title

World Championship medalists Carlos Yulo and EJ Obiena, along with history maker Philippine women’s football team will be the recipient...

Read more

Eala won’t play in 32nd SEA Games

byPeter Atencio
February 7, 2023, 8:50 pm
0
8
Spain legend Pau Gasol named Global Ambassador for FIBA World Cup

For now, playing in the 32nd Southeast Asian Games is not part of the plans of Filipina tennis star Alex...

Read more

Palarong Pambansa to reopen on July 29 with new format

byManila Standard Sports
February 7, 2023, 8:45 pm
0
8

By Peter Atencio After getting shelved for almost three years, the Palarong Pambansa is coming back and will have a...

Read more

Remulla named Chef de Mission to Paris Olympics

byManila Standard Sports
February 7, 2023, 8:40 pm
0
8
National MILO Marathon returns March 26 at MOA concert grounds

The Philippine Olympic Committee announced on Tuesday the appointment of Cavite Governor Jonvic Remulla as Team Philippines Chef de Mission...

Read more

PhilCycling revamps PH road team, coaching staff

byManila Standard Sports
February 7, 2023, 8:35 pm
0
8
PH Rugby Union elects new officers

The PhilCycling revamped the national team and coaching staff for road during its annual board meeting Tuesday at the Manila...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App