Microsoft Stock Braces For Fiscal Second Quarter Report
Just days after warning that customers were reducing spending, Microsoft (MSFT) will post its results for the December quarter late Tuesday. Microsoft stock has been depressed ahead of the report.
The earnings report comes after Microsoft announced major layoffs and a cost-cutting plan on Wednesday. The Redmond, Wash.-based software company said it is eliminating 10,000 jobs, or about 4.5% of its workforce.
Microsoft is taking a $1.2 billion charge in the just-finished quarter…