![]() Remember that dystopian view of the future in which technology displaces millions of people from their jobs? It’s happening. ![]() While this has always been top of mind for me, it’s never been more so than now. Regardless of the ups and downs, we’ve come out the other side knowing beyond a shadow of a doubt, this is the best thing for our company.Įvery day I come to work, I’m primarily guided by two things:įirst, realizing our mission and vision. Every member of the exec team has experienced the same, but we’ve had months to process. You might feel a sense of excitement, fear, sadness, or some combination of all of those emotions. No matter what you’re feeling now, give yourself some time to process the news. Today’s announcement, that LinkedIn will be combining forces with Microsoft, marks the next step in our journey together, the next stepping stone toward realizing our mission and vision, and in remaining CEO of the company, the next chapter in the greatest professional experience of my life. stocks.Despite those accomplishments, we’ve only just begun to realize our full potential and purpose: Our mission to connect the world’s professionals to make them more productive and successful, and our vision to create economic opportunity for every member of the global workforce. ![]() Microsoft saw $126 million in operating expenses tied to its decision to stop selling products and services in Russia following the country's invasion of Ukraine.ĭuring the quarter, Nadella announced that employees will get pay increases, and the company introduced services to help customers deal with security incidents.Įxcluding the after-hours move, Microsoft stock has tumbled 25% so far this year, compared with a roughly 18% decline in the S&P 500 index of U.S. "The core franchises that represent what people are most excited about for owning Microsoft - those were the more resilient areas, and they continue to shine through maybe a touch of deceleration, but those parts of the business were certainly more reassuring," Choi said. Hurdles from exchange rates advertising spending and computer sales were relatively well understood among investors heading into the earnings report, said Peter Choi, a senior research analyst at Vontobel Asset Management, which held $1.11 billion in Microsoft stock at the end of March, according to a filing. The company said factory shutdowns in China in April and May and a worsening computer market in June reduced Windows revenue from device makers by $300 million. Technology industry researcher Gartner said earlier this month that logistical disruptions in the quarter had contributed to a 12.6% decrease in quarterly PC shipments, a key input for that metric. Sales of Windows licenses to device makers fell by 2% in the quarter. Still, a contraction in advertising spending resulted in a $100 million cut to revenue for the search and news advertising and LinkedIn categories. Microsoft said search and news advertising, excluding traffic-acquisition costs, rose 18% thanks to stronger search volume and revenue per search. Revenue was up 2% year over year and barely lower than the $14.65 billion StreetAccount consensus. The More Personal Computing segment featuring the Windows operating system, Xbox video-game consoles, the Bing search engine and Surface devices delivered $14.36 billion in revenue for the quarter. But she said there was "some moderation in new deal volume outside of E5 particularly in the small and medium business customer segment." The premium E5 tier accounts for 12% of all commercial Office 365 subscriptions, up from 8% one year ago. That was up nearly 13% and slightly less than the StreetAccount consensus of $16.66 billion. Microsoft's Productivity and Business Processes segment including Office productivity software, Dynamics and LinkedIn posted $16.60 billion in revenue. Personal Loans for 670 Credit Score or Lower ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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