Microsoft lowers Intelligent Cloud revenue forecast, shifts funds to productivity software.
Microsoft has revised its cloud revenue forecast, moving some money to its productivity software business. The Intelligent Cloud revenue forecast for the current quarter (July-Sept) has been lowered to $23.80-$24.10 billion, while the productivity and business unit's revenue forecast has been raised to roughly $28 billion. This change aligns earnings reports with Microsoft's cloud services operations within its business computing unit.
August 21, 2024
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