iTnews

Microsoft cuts Windows unit revenue outlook on coronavirus impact

By Staff Writers, Reuters on Feb 27, 2020 1:28PM
Microsoft cuts Windows unit revenue outlook on coronavirus impact

Supply chain returning at "slower pace than anticipated".

Microsoft said on Wednesday it does not expect to meet its quarterly revenue forecast for its Windows and personal computing business as a result of the coronavirus outbreak, sending its shares down more than 1 percent in after-market trading.

The company said the remaining elements of its fiscal third-quarter outlook were unchanged.

"Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated," the company said in a statement.

Broad swaths of the Chinese economy have shut down or slowed because of the virus.

Microsoft is the second company in the trillion dollar club to withdraw outlook. Earlier this month, Apple said that it may not be able to meet its March-quarter sales forecast.

The software maker had previously expected the More Personal Computing unit, which houses Windows, to post third-quarter revenue between US$10.75 billion and US$11.15 billion.

Its Windows and Surface computers had been more negatively impacted than expected, Microsoft said in a statement.

The coronavirus outbreak, believed to have originated in a market selling wildlife in the central Chinese city of Wuhan late last year, has infected about 80,000 people and killed more than 2700, the vast majority in China.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright Reuters
© 2019 Thomson Reuters. Click for Restrictions.
Tags:
finance hardware microsoft software windows

Partner Content

MSI shows first laptops with Wi-Fi 6E, Nvidia RTX 30 graphics
Partner Content MSI shows first laptops with Wi-Fi 6E, Nvidia RTX 30 graphics
MSI launches innovative new laptops
Partner Content MSI launches innovative new laptops
Improving returns from SD-WAN spending
Sponsored Content Improving returns from SD-WAN spending
NCS expands into Australia in partnership with Optus Enterprise
Sponsored Content NCS expands into Australia in partnership with Optus Enterprise

Sponsored Whitepapers

The risky business of open source
The risky business of open source
Mitigating open source risk in your organisation
Mitigating open source risk in your organisation
How to choose a WAF that's right for you
How to choose a WAF that's right for you
The global telco 5G cloud gaming opportunity
The global telco 5G cloud gaming opportunity
Building a ransomware remediation backup strategy
Building a ransomware remediation backup strategy

Events

  • On-Demand Webinar: How Poly and Microsoft are Embracing Future Work Environments
By Staff Writers, Reuters
Feb 27 2020
1:28PM
0 Comments

Related Articles

  • Bunnings sibling Blackwoods continues to bleed from troubled Microsoft ERP rollout
  • Google closes $2.1bn deal to buy Fitbit as US govt probe continues
  • APRA restarts data platform overhaul after nine-month pause
  • RBA chief eyes Apple Pay, Google Pay competition crackdown
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Update Chrome or risk remote takeover, US govt warns

Update Chrome or risk remote takeover, US govt warns

Telstra pilots its first neurodiversity recruitment program

Telstra pilots its first neurodiversity recruitment program

Google unravels state-of-art Android and Windows exploit chains

Google unravels state-of-art Android and Windows exploit chains

Accellion hack behind Reserve Bank of NZ data breach

Accellion hack behind Reserve Bank of NZ data breach

You must be a registered member of iTnews to post a comment.
Log In | Register
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.