Following the big Xbox reset enacted by division Chief Executive Officer Asha Sharma, which laid off 1,600 employees (with another 1,600 jobs to be cut later), there was a lot of curiosity about Microsoft’s quarterly earnings report. Unsurprisingly, while Microsoft as a whole beat forecasts and recorded its strongest year yet, with revenue rising 18% to more than $331 billion and operating income increasing 21% to more than $155 billion, Xbox’s decline continued. Chief Financial Officer Amy Hood informed investors that Xbox revenue fell by 10%, with a 11% decline when adjusted for constant currency. Revenue from Xbox content and […]
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