Tech
Microsoft shares dip after concern over Azure performance
Cloud computing business is expected to slow further in the third quarter, the Redmond-based tech giant said in its latest set of results
Shares in Microsoft fell 4 per cent in late trading on Monday after the tech giant reported its second quarter results, due largely to a concern over a slowdown in its cloud services business, Azure.
The company posted revenue of $56.2 billion in the April-June period, up 8 per cent from last year. Analysts had been looking for revenue of $55.49 billion, according to FactSet Research.
It recorded a fiscal fourth-quarter profit of $20.1 billion ...
