Microsoft said Thursday that it missed Wall Street’s earnings forecast for its fiscal third quarter, due to sluggish Windows sales as well as profit declines in units that are home to its Azure and Office 365 businesses.
For the quarter ended March 31, Microsoft’s net income dropped 25 percent year over year, to $3.76 billion, or 47 cents per share, while revenue fell more than 5 percent, to $20.5 billion. Excluding items, Microsoft reported revenue of $22.1 billion and 62 cents per share. Wall Street analysts had forecast $22.09 billion and 64 cents per share.
