Microsoft’s Azure slows

Stefan Mileschin · 24th July 2020, 07:03

Shares down two percent

Microsoft flagship cloud computing business Azure reported quarterly sales growth of under 50 percent for the first time ever on Wednesday, sending Vole’s shares down two percent.

Revenue in Microsoft’s Intelligent Cloud segment rose 17 percent to $13.4 billion, with 47 percent growth in the Azure component, which includes essential computing and storage services.

Analysts on average had expected cloud revenue of $13.09 billion in the fourth quarter ended June 30.

Azure’s growth is the most direct measure of performance against Amazon Web Services, as Microsoft does not break out Azure’s revenue by dollar amount.

AWS posted revenue growth of 33 percent to $10.2 billion, which analysts believe exceeds Azure’s total, for the quarter ended March 31. IBM this week beat Wall Street expectations with strong cloud growth.

https://fudzilla.com/news/51227-microsoft-s-azure-slows

24th July 2020, 07:03	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,802	Microsoft’s Azure slows Shares down two percent Microsoft flagship cloud computing business Azure reported quarterly sales growth of under 50 percent for the first time ever on Wednesday, sending Vole’s shares down two percent. Revenue in Microsoft’s Intelligent Cloud segment rose 17 percent to $13.4 billion, with 47 percent growth in the Azure component, which includes essential computing and storage services. Analysts on average had expected cloud revenue of $13.09 billion in the fourth quarter ended June 30. Azure’s growth is the most direct measure of performance against Amazon Web Services, as Microsoft does not break out Azure’s revenue by dollar amount. AWS posted revenue growth of 33 percent to $10.2 billion, which analysts believe exceeds Azure’s total, for the quarter ended March 31. IBM this week beat Wall Street expectations with strong cloud growth. https://fudzilla.com/news/51227-microsoft-s-azure-slows

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