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Cloudy Forecast Undercuts Microsoft’s ‘Better-Than-Feared’ Results
It's a good thing Microsoft has a ~$13 billion inside line on the future of generative AI, because "back" here in the present day, revenue growth is slow indeed.
Sales of $52.7 billion grew just 2% YoY during fiscal Q2, the company said on Tuesday afternoon in the US. That was much slower than last quarter's 12-month rate, which was itself the most tepid in years.
On a constant currency basis, sales grew a more respectable 7%. Consensus expected $52.93 billion in revenue.
"The next major wa
Well, today’s stew made with results from Union Pacific, MMM, GE, Capital One and Microsoft turned out rather bland and in need of some salt.
Separately, I notice RBOB Gasoline futures just keep grinding higher. (Nice MOM Headline CPI prints you’ve been collecting here. Be a shame if something happened to them.)