Microsoft earnings fall short as computer sales sag

San Francisco (AFP) July 27, 2022

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. 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