Microsoft shares slip on weak quarterly revenue guidance

Category: Business

Microsoft's shares fell 5% after disappointing fiscal second-quarter results, with slower growth in Azure cloud services and a lower revenue forecast. The company reported a 12.3% year-over-year revenue increase, the slowest since mid-2023, and a net income rise to $24.11 billion. Azure revenue growth slowed to 31%, and Microsoft plans to revamp its sales strategy to adapt to market conditions.

Keywords: Microsoft, Azure, financial results

Source: CNBC

Update At: 1/30/2025

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