Microsoft Blames China Shutdown, Severance for Quarterly Earnings Miss Microsoft joined a number of technology providers in blaming macroeconomic trends for lower-than-expected quarterly earnings. The Redmond, Washington-based software giant on Tuesday unveiled its fiscal year fourth-quarter results. The company reported that commercial bookings grew 25%, and enterprise services grew by 5%. Total revenue ticked up from $46.2 billion a year ago to $51.9 billion year-over-year, setting a record for Microsoft. However, that number missed the analyst forecast of $52.4, CNBC reports . It’s worth noting that product revenue was actually lower than it was a year ago, while service and...