Growth in Microsoft’s cloud computing business slowed further in the latest quarter but still did better than the software company and many analysts had predicted, lifted its shares 4 per cent in after-market trading on Tuesday.
Microsoft earnings, the first from one of the big US tech companies this year, appeared to show that one of its main drivers of growth was holding up better than expected in a slowing economy, and prompted a 3 per cent rally for cloud rival Amazon.
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