Microsoft Cooking the Books to Hide the Losses and Disguise the Failure of Its Clown Computing Ventures
Faking the numbers to fake growth, cook the books
Recent: Microsoft Media Operative, Citing Leaked Document From Google: "Google’s Numbers Also Show Azure Had a Roughly $3 Billion Operating Loss" | Older: Poorly Redacted Documents From the Court Reveal That Microsoft Has Indeed Defrauded Shareholders About Azure
THIS incredible new report is rather revealing; it's not exactly shocking, but at least it seems like someone in the media (AFP in this case) does actual journalism. Sometimes...
From "Microsoft tweaks how it logs cloud [sic] revenue" (which can also end up being less than the spendings, i.e. losses), as per reprinting in southeast Asian media:
Microsoft on Wednesday lowered its cloud computing unit revenue forecast in a bookkeeping move, shifting money to its "productivity" software business.The accounting change comes as investors are wary about whether the billions Microsoft and tech rivals are spending on artificial intelligence will help or hurt bottom lines.
Contacted by AFP, Microsoft said the change is intended to more closely align earnings reports with how the company operates when it comes to cloud services tied to its business computing unit.
How can they get away with it? They not only mislead shareholders, they cheat on their accounting to hide massive deficits. It's not even the first time they do this.
Either way, the above comes to show they have financial problems. In fact, the owe more money than they have. █