Microsoft Falls Short of 4th Quarter Profit Targets, Blames China’s Lockdowns and Russia Sanctions

Microsoft Falls Short of 4th Quarter Profit Targets, Blames China’s Lockdowns and Russia Sanctions
The French headquarters of American multinational technology company Microsoft Corp. are seen in Paris on March 6, 2018. Gerard Julien/AFP via Getty Images
Katabella Roberts
Updated:
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Microsoft Corp.’s latest profits fell short of Wall Street expectations on July 26 after the company revealed that “evolving macroeconomic conditions and other unforeseen items” had impacted its financial results.

In its earnings report for the three months ending June 30 (the fourth quarter of the company’s 2022 fiscal year), the company founded by Bill Gates reported net income rising 2 percent to $16.7 billion.
Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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