Here’s How Analysts Reacted to Microsoft’s Outlook Revision

A Microsoft logo sits illuminated at the SK telecom booth during the GSMA Mobile World Congress in Barcelona, Spain, on Feb. 28, 2022. David Ramos/Getty Images

Microsoft Corp. on Thursday updated its Q4 and FY23 guidance due to recent unfavorable currency headwinds.

Microsoft cited an incremental $460 million headwind from FX to its total revenue guidance issued in late April, representing slightly less than a 100bps delta on total revenue.