Microsoft beats revenue forecasts but poor performance of cloud services drags share price

Firm’s earnings were up 15% year-on-year, but Azure’s lower returns resulted in share prices falling by as much as 7%

Microsoft outperformed analyst predictions in its latest quarterly earnings report, revealing on Tuesday that its revenue was up 15% year-over-year. The company was expected to report steady growth in its fourth quarter earnings report, mostly on the back of its cloud services.

Via: theguardian.com