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EARNINGS-Microsoft beats profit estimates but cloud growth slows

Credit: REUTERS/Simon Dawson

Microsoft Corp beat analysts' quarterly profit estimates on Wednesday, but growth in its Azure cloud computing platform slowed from a year earlier.

Oct 23 (Reuters) - Microsoft Corp MSFT.O beat analysts' quarterly profit estimates on Wednesday, but growth in its Azure cloud computing platform slowed from a year earlier.

The software maker's net income rose to $10.68 billion, or $1.38 per share, in the quarter ended Sept. 30 from $8.82 billion, or $1.14 per share, a year earlier. [https://bit.ly/2W9G9Bc]

Revenue rose to $33.06 billion from $29.08 billion a year earlier.

Analysts had expected a profit of $1.25 per share on revenue of $32.23 billion, according to IBES data from Refinitiv.

Microsoft: A Walk In The Cloudshttps://tmsnrt.rs/2Wa5omT

(Reporting by Noor Zainab Hussain in Bengaluru Editing by Saumyadeb Chakrabarty)

((noor.hussain@thomsonreuters.com; within U.S. +1 646 223 8780; Outside UK +91 80 6182 2663 or +91 80 3796 2663 ;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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