Microsoft forecast Intelligent Cloud revenue of US$18.75bil to US$19bil (RM78.57bil to RM79.62bil) for its fiscal third quarter, driven by “strong growth” in its Azure platform.
NEW YORK: Microsoft Corp has forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent Cloud unit.
The outlook soothed concerns about growth sparked by results for the December quarter, which initially dragged on Microsoft’s shares in after-hours trade. But the shares reversed course following the outlook, trading 3% above the closing price.
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