Microsoft cloud performance lags highest Wall Street hopes


Investors are seeking assurances that the enterprise cloud business is still growing strongly and will also scrutinize upcoming financial reports from Microsoft rivals Amazon and Google.

NEW YORK: Microsoft Corp on Tuesday hit Wall Street targets for cloud services revenue, but that was not enough for some of the most optimistic investors and shares fell 4% in extended trade.

Investors are seeking assurances that the enterprise cloud business is still growing strongly and will also scrutinize upcoming financial reports from Microsoft rivals Amazon and Google.

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