Microsoft Slid Nearly 4% in Premarket Trading As Azure Slowdown Overshadowed Optimism About AI Growth

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Microsoft Slid Nearly 4% in Premarket Trading As Azure Slowdown Overshadowed Optimism About AI Growth

Tiger Newspress2023-07-26

Microsoft slid nearly 4% in premarket trading as Azure slowdown overshadowed optimism about AI growth.

Microsoft generated fiscal fourth-quarter net income of $20.1 billion, or $2.69 a share, compared with $16.7 billion, or $2.23 a share, in the year-earlier period. Overall revenue climbed to $56.2 billion from $51.9 billion.

Azure cloud-computing business sees 27% growth in constant currency, matching expectations.

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BillionaireN
·2023-07-26
Grab when everyone is fearful
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Andrewinho
·2023-07-26
Great opportunity!! 👏👏👏
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