Business Maverick: Microsoft Erases Gains After Saying Azure Growth to Decelerate

Shares were down as much as 4.2% at $231.97, the lowest since Jan. 4. Microsoft said late Tuesday that Azure cloud-computing sales in the current period will slow by 4 or 5 points — down from the mid-30s percentage-wise at the end of the fiscal second quarter. The business had been a bright spot in an otherwise lackluster earnings report.

The stock fell about 4% to $232.54 at about 9:48 a.m. New York time. Analysts at BMO Capital Markets downgraded their rating on the stock and at least ten other brokerages trimmed their price targets. The stock dropped 29% in 2022, underperforming the Standard & Poor’s 500 Index.adjusted profit in the period ended Dec. 31 of $2.32 a share, while sales rose to $52.7 billion. That compared with average analysts’ projections for $2.30 a share in earnings and $52.

“During the pandemic there was rapid acceleration. I think we’re going to go through a phase today where there is some amount of normalization in demand,” Nadella said in an interview at the World Economic Forum in Davos, Switzerland, earlier this month. “We will have to do more with less — we will have to show our own productivity gains with our own technology.”

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: Fix for blackouts that hit millions adds to Pakistan energy woesElectricity is being restored in Pakistan after a nationwide blackout and Prime Minister Shehbaz Sharif has ordered an investigation into the grid failure that’s added to the country’s struggle with surging energy costs. Pakistan needs GwedeMantashe1. He is a miracle worker when it comes to sorting out the grid.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Europe Bond Sales Break €240 Billion in Busiest-Ever JanuaryDebt sales in Europe have broken through €240 billion ($260 billion), beating a previous record for January set in 2020.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Hedge Fund-Backed Firm Fights Nigeria for $11 Billion PayoutNigeria cooked up fictitious allegations in a politically motivated campaign to dodge a massive $11 billion arbitration award, a hedge-fund backed firm claimed at a London trial over the legality of the disputed payout.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »

Business Maverick: Oil advances as traders look to China, OPEC for fresh triggersOil edged higher as investors weighed up the extent of China’s demand recovery and the likelihood of OPEC+ keeping output unchanged.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »