Microsoft’s Q1 net income falls by 14% with drop in PC sales
- The tech giant’s earnings were hit by PC market demand deterioration, impacting its Windows OEM and Surface businesses.
- The Windows maker’s net income in the quarter was $17.6 billion, down 14% as compared to the corresponding period of the last fiscal year. Its first-quarter revenue was $50.1 billion, up 11% year over year.
- The tech firm noted that its Windows OEM business revenue, including its Windows operating system, decreased 15% with continued deterioration in the PC market.