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Microsoft cloud flagship posts first growth under 50%; bookings growth steady – Reuters
Microsoft Corp’s flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever on Wednesday, sending the tech giant’s shares down 2%.
(Reuters) – Microsoft Corp’s (MSFT.O) flagship cloud computing business Azure reported quarterly sales growth of under 50% for the first time ever on Wednesday, sending the tech giant’s shares down 2%.
Revenue in Microsoft’s Intelligent Cloud segment rose 17% to $13.4 billion, with 47% growth in the Azure component, which includes essential computing and storage services. Analysts on average had expected cloud revenue of $13.09 billion in the fourth quarter ended June 30, according to IBES dat…
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