{"id":32897,"date":"2023-01-25T15:40:15","date_gmt":"2023-01-25T15:40:15","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016"},"modified":"2023-01-25T16:29:32","modified_gmt":"2023-01-25T16:29:32","slug":"microsofts-revenue-rises-at-slowest-rate-since-2016","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016","title":{"rendered":"Microsoft&#8217;s revenue rises at slowest rate since 2016"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mozambique. <\/strong><\/span>US multinational technology major Microsoft saw its revenue rise 2% in the October-December period of last year, marking the slowest increase in the firm\u2019s history since 2016.<\/p>\n<p>Total revenue came in at $52.7 billion for the period, which the company refers to as the second quarter for the 2023 fiscal year.<\/p>\n<p>Its cloud revenue, however, jumped 22% to $27.1 billion year-on-year, while revenue from LinkedIn rose 10%, but personal computing revenue decreased 19% to $14.2 billion.<\/p>\n<p>Net income declined 12% to $16.4 billion compared to the same period of last year.<\/p>\n<p>&#8220;The next major wave of computing is being born, as the Microsoft Cloud turns the world\u2019s most advanced AI models into a new computing platform,&#8221; Chairman and CEO Satya Nadella said in the financial results statement.<\/p>\n<p>Amy Hood, Microsoft\u2019s executive vice president and chief financial officer, said the company continues to invest to drive growth.<\/p>\n<p>The financial results come less than a week after Microsoft announced that it will lay off 10,000 workers by the end of September, which amounts to less than 5% of its total workforce, while the tech industry struggles with financial difficulties.<\/p>\n<p>Despite the decline in net income and slow increase in revenue, the results managed to beat market expectations and Microsoft saw its stock price jump more than 9% in after-hours trading.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. US multinational technology major Microsoft saw its revenue rise 2% in the October-December period of last year, marking the slowest increase in the firm\u2019s history since 2016. Total revenue came in at $52.7 billion for the period, which the company refers to as the second quarter for the 2023 fiscal year. Its [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":32896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,281,283],"class_list":["post-32897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Microsoft&#039;s revenue rises at slowest rate since 2016 - Mozambique<\/title>\n<meta name=\"description\" content=\"US multinational technology major Microsoft saw its revenue rise 2% in the October-December period of last year, marking ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft&#039;s revenue rises at slowest rate since 2016\" \/>\n<meta property=\"og:description\" content=\"US multinational technology major Microsoft saw its revenue rise 2% in the October-December period of last year, marking ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T15:40:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-25T16:29:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/01\/postQueueImg_1674648625.14.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Microsoft&#8217;s revenue rises at slowest rate since 2016\",\"datePublished\":\"2023-01-25T15:40:15+00:00\",\"dateModified\":\"2023-01-25T16:29:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/01\/postQueueImg_1674648625.14.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/microsofts-revenue-rises-at-slowest-rate-since-2016\",\"name\":\"Microsoft's revenue rises at slowest rate since 2016 - 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