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Re: MiamiGent post# 626212

Wednesday, 10/26/2022 5:55:57 AM

Wednesday, October 26, 2022 5:55:57 AM

Post# of 648882
Microsoft stock slammed by cloud-growth fears, taking Amazon down with it


Last Updated: Oct. 25, 2022 at 6:48 p.m. ET
First Published: Oct. 25, 2022 at 4:12 p.m. ET
By Jeremy C. OwensFollow

Azure grew 35%, a marked slowdown from growth of 40% the previous quarter and 50% a year ago, and forecast suggests it could fall toward 30% this quarter while overall revenue guidance misses Wall Street's expectations by more than $2 billion

Fell more than 6% after hours

more

https://www.marketwatch.com/story/microsoft-stock-slips-despite-earnings-beat-as-cloud-growth-slows-down-and-misses-projections-11666728776?mod=home-page
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