Microsoft Erases Gains After Saying Azure Growth to Decelerate

(Bloomberg) — Microsoft Corp. said revenue growth in its Azure cloud-computing business will decelerate in the current period and projected a further slowdown in corporate software sales, fueling concern about a steeper decline in demand for the products that have driven its momentum in recent years.

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Shares erased earlier gains in late trading after Chief Financial Officer Amy Hood said Azure sales in the current period will slow by 4 or 5 points from the end of the…

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