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Microsoft's Azure revenue growth slows in December quarter

Reuters 

(Reuters) - Microsoft Corp's Azure cloud computing platform grew at a slower pace in the December quarter compared with a year earlier, sending shares of the software giant about 2 percent lower in after-hours trade on Wednesday.Azure, Microsoft's flagship cloud product, had revenue growth of 76 percent in the final quarter of 2018, down from a 98 percent surge a year earlier.Microsoft's total revenue climbed 12.3 percent to $32.47 billion. Wall Street analysts on average had expected revenue of $32.51 billion, according to IBES data from Refinitiv. (Reporting by Vibhuti Sharma in Bengaluru; ...

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First Published: Thu, January 31 2019. 02:40 IST
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