Monday, June 02, 2025 | 02:52 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Microsoft lowers revenue, profit forecasts in fourth qtr on forex impact

The company expects revenue for the quarter to be between $51.94 billion and $52.74 billion, down from its prior range of $52.40 billion to $53.20 billion

Microsoft
premium

Microsoft had in April forecast double-digit revenue growth for the next fiscal year, driven by demand for cloud computing services.

Reuters
Microsoft Corp on Thursday lowered its forecast for profit and revenue in the fourth quarter, citing a hit from a stronger dollar.

The company expects revenue for the quarter to be between $51.94 billion and $52.74 billion, down from its prior range of $52.40 billion to $53.20 billion.

It cut the profit view to between $2.24 and $2.32 per share, from a prior expectation of $2.28 to $2.35 per share.

Analysts are forecasting a net income of $17.51 billion, or $2.33 per share, on revenue of $52.87 billion, according to Refinitiv data.

Microsoft had in April forecast double-digit revenue growth

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)