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Microsoft Reports Lowest Annual Revenue Growth in Six Years as Azure Cloud Slows

By
Aaron Holmes
· · Source: The Information

Microsoft reported 8% growth in June quarter revenue to $56.2 billion, as the company indicated that enterprise customers are continuing to slow spending on software and cloud services. The quarter ended Microsoft’s 2023 fiscal year, which has a June balance date, and for the year Microsoft’s revenue grew 7%, the lowest rate of growth since 2017. The June quarter numbers showed that growth in...

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