Microsoft Corp.’s profit declined more than 12% in the holiday season, and executives said Tuesday that a revenue deceleration in December is expected to continue into the new year as the company lays off workers.
Microsoft MSFT reported fiscal second-quarter earnings of $16.43 billion, or $2.20 a share, a decline from $2.48 a share a year ago. The company also reported that severance, impairment and lease-consolidation costs cost it 12 cents a share, which would lead to adjusted earnings of $2.32 a share; Microsoft executives…
