The release of financial statements of Microsoft for the
quarter ending December 2022 presented investors and observers with a mixed bag.
Even though the revenue was recorded to be an all-time high of $52.7 billion,
the operating income of this tech company dropped by more than $1 billion
compared to the previous three-month period. This can be attributed to a
considerable cooling of the PC market, which hit OEM bundling business of Microsoft
and resulted in a continued decline of revenue in the Windows segment. The
company's saving grace: An increased focus on cloud solutions and Artificial Intelligence,
welcomed by CEO Natya Sadella as the "next major wave of computing"
in the accompanying earnings call.

