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Microsoft stock slips as Azure growth slows and cloud sales miss projections

Por: MarketWatch Politics October 25, 2022

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The “Intelligent Cloud” segment reported first-quarter revenue of $20.3 billion, up from $16.96 billion a year ago but slightly lower than the average analyst estimate tracked by FactSet of $20.46 billion. Microsoft said that Azure grew by 35%, while analysts on average were expecting 36.5% growth, according to FactSet. Opinion: That is a marked slowdown from Azure’s 40% growth rate in the previous quarter, as well as the 50% growth shown... + full article



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