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But Wall Street has grown accustomed to blockbuster earnings beats as companies around the globe ditch their own data centers for the cloud shirts with cufflinks holes. “It wasn’t a blowout quarter,” said analyst Shannon Cross of Cross Research. “That’s probably playing a bit into” the stock decline. Microsoft forecast revenue of between $29.4 billion and $30.1 billion in the current quarter. Analysts were expecting $29.9 billion, according to IBES data from Refinitiv. The company also said a stronger U.S. dollar would hit growth of its intelligent cloud business segment, which includes Azure and other products, by 2 percentage points..
Microsoft has long courted customers outside the United States and has a 17 percent share of the global cloud market, research firm Canalys previously said. Amazon has 32 percent. Microsoft is spending more on the latest cloud technologies to narrow the gap. Research and development expenses rose to $4.1 billion in the quarter from $3.5 billion a year earlier. “Clearly the company is spending aggressively to double down on its cloud bet, a dynamic that is a smart move but caps margin upside in the quarter,” said Daniel Ives, an analyst at Wedbush Securities shirts with cufflinks holes.
Microsoft’s total revenue climbed 12.3 percent to $32.47 billion. Wall Street analysts on average had expected revenue of $32.51 billion, according to IBES data from Refinitiv. Revenue from Microsoft’s productivity software unit climbed 13 percent to $10.1 billion, powered by double-digit revenue growth for LinkedIn and Office 365. Wall Street analysts on average had expected revenue of $10.09 billion, according to IBES data from Refinitiv. Microsoft’s personal computing division, home to Windows software and still its largest by revenue, showed revenue growth of 7 percent to $13 billion, while analysts had expected $13.07 billion shirts with cufflinks holes. The unit also includes Xbox gaming consoles, the Bing online search service and Surface laptops..
NEW YORK (Reuters) – The negative effect of currency fluctuations on North American companies’ results in the third quarter of 2018 was the most in 10 quarters, according to a report on Wednesday from currency risk consulting firm FiREapps. For the third quarter, the collective negative impact of currency fluctuations on North American companies – including in the United States, Canada and Mexico – that quantified an exchange rate effect was $11.8 billion, FiREapps said in the report shirts with cufflinks holes. That followed four quarters of relatively low impacts..
(Reuters) – New York Governor Andrew Cuomo and new Attorney General Letitia James on Wednesday said the state was probing Apple Inc’s failure to warn consumers about a FaceTime bug that lets iPhones users see and hear others before they accept a video call. The bug, which Reuters has been able to replicate, allows an iPhone user placing a call using Apple’s FaceTime video-calling feature to hear audio from the recipient’s phone even if the call has not gone through shirts with cufflinks holes. “We need a full accounting of the facts to confirm businesses are abiding by New York consumer protection laws and to help make sure this type of privacy breach does not happen again,” Cuomo said in a statement..