Microsoft's Azure growth slows, testing investors' patience
Microsoft Corp.'s Azure cloud-computing service experienced a slowdown in quarterly growth, testing the patience of investors eager to see returns from significant investments in artificial intelligence products.
Revenue from Azure, Microsoft's primary growth engine in recent years, increased by 29 per cent in the fiscal fourth quarter, compared with a 31 per cent rise in the previous period. About 8 percentage points of the increase in the recent period were attributable to Al, up from 7 percentage points in the prior quarter.