Microsoft pares outlook after warning about hit from strong dollar           

Microsoft's EMEA Operations Centre, Dublin.  The company sees a $460m impact on fourth-quarter revenue from currency fluctuations.

Microsoft pared its outlook for fiscal fourth-quarter earnings and revenue, citing the impact from a surging dollar, sending the shares tumbling.

The company sees a $460m impact on fourth-quarter revenue from currency fluctuations, knocking revenue to $51.9bn (€48.3bn) to $52.7bn. The shares declined by over 2%.