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Microsoft shares dip after concern over Azure performance

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Cloud computing business is expected to slow further in the third quarter, the Redmond-based tech giant said in its latest set of results

Shares in Microsoft fell 4 per cent in late trading on Monday after the tech giant reported its second quarter results, due largely to a concern over a slowdown in its cloud services business, Azure.

The company posted revenue of $56.2 billion in the April-June period, up 8 per cent from last year. Analysts had been looking for revenue of $55.49 billion, according to FactSet Research.

 

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Microsoft shares dip after concern over Azure performanceCloud computing business is expected to slow further in the third quarter, the Redmond-based tech giant said in its latest set of results
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