Microsoft Reduces Its Revenue Forecast Due to Coronavirus

Feb. 27, 2020

Notably, the Redmond giant issued quarterly revenue guidance for its personal computing segment between $10.75 and $11.15 billion last month for the second quarter of the fiscal year. The company recorded a revenue of$36.9 billionalong with $11.6 net income.

Microsoft has taken several preventive measures to ensure the safety and health of its employees. The company said that it is working closely with global health authorities to provide donations and relief measures.

In case you’re wondering, Microsoft is not the only major tech company affected bycoronavirus. Last week, Apple did a similarannouncementstating that it would miss the revenue forecast as demand for its products within China got affected.

Subin writes about consumer tech, software, and security. He secretly misses the headphone jack while pretending he’s better off with the wireless freedom.