Microsoft’s revenue leaps but cloud computing takes knock
But CFO Amy Hood says the Azure cloud-computing numbers met Microsoft’s expectations
New York — Microsoft reported slowing growth in its Azure cloud-computing business even as revenue rose 47% in the quarter in the work from home era.
Azure revenue rose 47% in the quarter ended June 30, missing analysts’ predictions for a 49% gain and notably lower than the 59% jump of the prior quarter. Shares slipped about 2.4% in extended trading. Overall, sales rose 13% to $38bn, the software maker said in a statement. Analysts polled by Bloomberg on average estimated $36.5bn...