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AP National Business

Microsoft profits down 14% as Windows hit by weak PC sales

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Published 1:22 PM

By MATT O’BRIEN
AP Technology Writer

Microsoft has reported a 14% drop in profit for the July-September quarter compared to the same time last year, reflecting a weak market for personal computers affecting its Windows business. The company’s quarterly net income still slightly beat Wall Street expectations despite undershooting last year’s results. The Redmond, Washington-based software maker’s revenue was up 11% from last year, also beating expectations. Microsoft’s personal computing business was widely expected to take a hit given inflation and other economic uncertainties. In addition, many consumers bought new devices during the pandemic, helping crimp demand for its Windows software.

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