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Microsoft Shares Drop on Azure, Office Concerns After UBS Downgrade

By
Kevin McLaughlin
· · Source: The Information

Microsoft shares dropped more than 4%—their largest daily decline in three months—after UBS Group AG issued a downgrade over concerns that sales of Azure and Office products will continue to slow in the coming year. The situation underscores investors’ skittishness over Azure’s annual revenue growth, which has slowed from 46% to 35% over the past three quarters amid a broader slowdown in...

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