UPDATE 2-Microsoft expects Windows unit to miss revenue outlook on coronavirus impact
Microsoft Inc said on Wednesday it does not expect to meet the third-quarter revenue forecast for its 'more personal computing' business, as a result of the coronavirus outbreak, sending its shares down more than 1% in after-market trading.
The company said its remaining third-quarter outlook was 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. (https://prn.to/2VlmHTI)
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 unit, which houses Windows, to post third-quarter revenue between $10.75 billion and $11.15 billion.
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 2,700, the vast majority in China.
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