But the reality of what that will look like for the group’s earnings was then laid out by Hood, who used the words “decline” and “decelerating” to describe what is coming in most Microsoft divisions in the coming months.
Eventually, he argues, the savings from this previous wave of tech projects will be ploughed back into new ones. But this will take a little while to play out and the next wave of projects “don’t start instantly at that peak usage. They start and then they scale.”Investors suddenly realised that the revenue beat they had got so excited about represented the company’s slowest pace of growth in six years.
Source: News Formal (newsformal.com)
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