Microsoft posts slowest quarterly revenue growth in 5 years, macroeconomic condition weigh

Microsoft Corp posted its slowest quarterly revenue growth in five years on Tuesday as the tough macroeconomic conditions hit PC sales and slowed cloud growth, which had supercharged the earnings for years.

The company reported revenue of $50.12 billion for its fiscal first quarter, up 11% year-on-year, and slightly above analysts’ expectations of $49.61 billion, according to Refinitiv IBES data.