Microsoft’s dour outlook raises red flags for tech sector

Published by
Reuters UK

By Nivedita Balu and Tiyashi Datta (Reuters) -Microsoft Corp’s lackluster quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned its customers were cautious about spending in a turbulent economy. Microsoft, the second most valuable U.S. company, sounded a cautious note in its quarterly earnings report as a steep fall in client spending has sparked a series of high-profile layoffs in the tech industry. The warning sent Microsoft’s shares down over 3%, while those of big-tech peers Amazon.com Inc, Apple, Alphabet and Meta Platforms fell …

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