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Microsoft cloud flagship posts first growth under 50 percent

By Stephen Nellis and Munsif Vengattil

Jul 24 2020 7:01AM

But bookings growth steady.

Microsoft cloud flagship posts first growth under 50 percent

Microsoft flagship cloud computing business Azure reported quarterly sales growth of under 50 percent for the first time ever on Wednesday, sending the tech giant's shares down 2 percent. Revenue in Microsoft's Intelligent Cloud segment rose 17 percent to US$13.4 billion (A$18.9 billion), with ...

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