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Microsoft results top estimates but AI capacity constraints remain; stock down

By Yahoo! Finance   |   Oct 31, 2024 at 05:11 AM EST
Microsoft results top estimates but AI capacity constraints remain; stock down

Microsoft (NASDAQ:MSFT) exceeded expectations in Q1 but provided softer guidance for its cloud division, Azure. Despite a 33% growth in Azure, slowing to 31-32% in Q2 impacted stock price.

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