Microsoft sees strong US dollar cutting revenue growth by 4% this quarter

Microsoft Corp expects its fiscal third-quarter revenue growth to be cut by 4 per cent by unfavourable currency exchange rates. -- PHOTO: AFP
Microsoft Corp expects its fiscal third-quarter revenue growth to be cut by 4 per cent by unfavourable currency exchange rates. -- PHOTO: AFP

SEATTLE (REUTERS) - Microsoft Corp's chief financial officer said on Monday that she expected the company's fiscal third-quarter revenue growth to be cut by 4 per cent by unfavorable currency exchange rates, assuming the US dollar continues its strong run.

"In total we expect that FX will negatively impact revenue growth by approximately four points in Q3," said CFO Amy Hood in a call with Wall Street analysts after Microsoft's quarterly earnings release on Monday. Its fiscal third quarter ends March 31.

Microsoft's shares dipped lower after her comments, dropping to around US$45.20 in after-hours trading, about 3.8 per cent below their closing price on Nasdaq.