Slower growth in Microsoft cloud business casts shadow over results

Jefferies analyst Brent Thill said Microsoft’s results “were strong across the board with nearly all key metrics beating consensus.”

“Azure came in at 59% and consensus was at 60%,” he said. “Other than that, it was a good quarter, but if you want to throw rocks at it, that is how you would do it.” Windows results were boosted by 19% revenue growth for business computers, which was offset by a 7% decline for consumer PCs. Net income rose 21% to $10.68 billion, or $1.38 per share, while total revenue rose 14% to $33.06 billion.

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