Microsoft shares drop on disappointing cloud growth forecast
Microsoft Corp. shares dropped in extended trading after the software maker forecast slower quarterly cloud revenue growth, reflecting the company’s struggle to bring data centers online fast enough to keep up with demand for artificial intelligence services.
Microsoft forecasts slower cloud business growth in second quarter
Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its cloud business Azure, signaling that big AI investments were not enough to keep pace with capacity constraints at its data centers.
Microsoft Shares Slip as Outlook Sparks Concern About AI and Cloud Revenue
Revenue for the tech giant’s Azure cloud business—a core of its AI offering—rose 33% in the quarter through September, beating analysts’ expectations. For the current quar
Microsoft beats Wall Street expectations with big help from its cloud business, but warns of slower growth in second quarter
CEO Satya Nadella attributed the faster-than-expected growth to artificial intelligence transforming the workplace.
Atlassian raises annual revenue forecast on cloud strength, shares jump 17%
Atlassian raised its annual revenue growth forecast on Thursday, anticipating a surge in demand from enterprise clients for its cloud software, sending the company's shares up about 17% in extended trading.
Microsoft sees growth slowdown for Azure cloud business in current quarter
Microsoft projects a slowdown in Azure cloud-computing revenue for the current quarter, which is weighing on its stock in the extended session. The company expects 31% to 32% constant-currency Azure growth in the fiscal second quarter,
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