The Multibillion Business Inside of Microsoft That No One Is Talking About
Computing giant Microsoft (NASDAQ: MSFT) recently reported earnings for the fiscal first quarter of 2023, or the period ending Sept. 30, 2022. There was a lot to unpack from this report. Consumer demand in the personal computer sector has been weak for the last several quarters, and management believes this trend will continue due to cyclical trends such as inflation.
Moreover, the company's social networking platform, LinkedIn, is experiencing a decline in advertising revenue, which isn't entirely surprising given the overall waning demand for ad spending.
Image source: Getty Images.
Source Fool.com
