Microsoft shares slip on light quarterly Azure growth
- Microsoft's Azure cloud business reported a revenue growth of 31 percent, missing estimates of 31.8 percent, leading to a 4 percent drop in shares during extended trading.
- The company's total revenue rose 12 percent to $69.6 billion, surpassing analysts' expectations of $68.78 billion.
- Despite the revenue growth, Microsoft's Intelligent Cloud unit revenue of $25.54 billion fell short of expectations of $25.76 billion.
- Microsoft's capital expenditures reached $22.6 billion, exceeding the consensus estimate of $20.95 billion, according to Visible Alpha.
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Leaning Left6Leaning Right4Center10Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 30%
C 50%
R 20%
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