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Microsoft soothes market fears with forecast for double-digit revenue growth

By Akash Sriram and Jane Lanhee Lee

Jul 27 2022 8:52AM

Microsoft had best quarter for cloud business.

Microsoft soothes market fears with forecast for double-digit revenue growth

Microsoft on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 6 percent. The strong outlook shows Microsoft continues to benefit from the pandemic-led shift to hybrid work models and comes at a time when ...

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