Microsoft says China and Russia hurt its earnings
CNN
Microsoft's business is taking a hit from events on the other side of the world.
The tech giant on Tuesday attributed lower-than-expected earnings to developments in China and Russia, including the former's extended Covid lockdowns and the latter's war against Ukraine.
Microsoft (MSFT) recorded $51.9 billion in revenue and $16.7 billion in profit, up 12% and 2%, respectively, from the same period last year but lower than forecasts from analysts surveyed by Refinitiv.
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