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Microsoft’s Azure revenue growth slows in December quarter

30 Jan 19
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Source https://www.reuters.com/article/us-microsoft-results/microsofts-azure-revenue-growth-slows-in-december-quarter-idUSKCN1PO2W1

Microsoft Corp’s Azure cloud computing platform grew at a slower pace in the December quarter compared with a year earlier, sending shares of the software giant about 2 percent lower in after-hours trade on Wednesday.

Azure, Microsoft’s flagship cloud product, had revenue growth of 76 percent in the final quarter of 2018, down from a 98 percent surge a year earlier.

Microsoft’s total revenue climbed 12.3 percent to $32.47 billion. Wall Street analysts on average had expected revenue of $32.51 billion, according to IBES data from Refinitiv.

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