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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq A-Awsat

Microsoft Quarterly Results Saved by Cloud Computing

General view of Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. REUTERS/Charles Platiau/File Photo

Microsoft on Tuesday said sales slowed and profits slumped in the last quarter of 2022 as a darkening economic outlook pushed it to lay off 10,000 workers.

The Washington state-based tech giant -- owner of LinkedIn, Xbox and Windows -- said overall sales rose just two percent in the October-to-December period, to $52.7 billion, the slowest rise in six years.

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