Microsoft on Tuesday reported a profit for the latest quarter of $16.7 billion (2.23 per share), up 2% year-on-year. Analysts expect 2, 29% per share.
According to some international portals, this was one of the rare times that the technology conglomerate disappointed analysts, since it "usually even exceeds market expectations.
Likewise, the turnover shown, $51.9 billion, up from last year's 12%, fell short of the $52.94 billion expected by analysts, according to Notícias ao Minuto, which cites FactSet.
The source said the company attributed its underperformance to "ongoing macroeconomic conditions and other unforeseen factors," including plant closures in China, the deterioration of the personal computer market, and the Russian invasion of Ukraine, with the latter causing the group's activities in Russian Federation to be curtailed.
The company had already revised downwards its sales and profit estimates in early June, based on "unfavorable" developments on the foreign exchange market, resulting from the appreciation of the dollar.
A difficult environment for computer sales - attributed to supply chain disruptions and geopolitical instability - is also putting pressure on Microsoft's PC business, which relies on licensing income from manufacturers who install the Windows operating system on their products.
Sales of these licenses were down 2% year-over-year, Microsoft said. This development and a 6% reduction in Xbox-related game content constrained the personal computer business segment, which only grew 2% to $14.4 billion in the quarter.
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