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Sector Update: Health Care
Mar 21, 2024 8:36 PM
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Microsoft's cloud revenue growth disappoints investors, shares drop 2%
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By Aditya Soni and Stephen Nellis April 29 (Reuters) - Microsoft's ( MSFT ) modest increase in quarterly cloud revenue growth on Wednesday failed to impress investors worried about rising competition in the artificial intelligence race, and its shares fell more than 2% in extended trading. Revenue at the company's Azure cloud-computing unit jumped 40% in the period, slightly faster...
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