Microsoft, amid layoffs, says quarterly profit declined 12%
https://apnews.com/16f40e92ea291dc5d883985ad78ad55a
REDMOND, Washington (AP) — Microsoft on Tuesday reported a 12% drop in profit for the October-December quarter, reflecting the economic uncertainty it said led to its decision to cut 10,000 workers.
The company reported quarterly profit of $16.43 billion, or $2.20 per share.