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Microsoft beats profit estimates but cloud growth slows

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Microsoft beats profit estimates but cloud growth slows
FILE PHOTO: Visitors stand in front of a display screen at Microsoft's new Oxford Circus store ahead of its opening in London, Britain July 9, 2019. REUTERS/Simon Dawson   -   Copyright  Simon Dawson(Reuters)
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(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 (£8.29 billion), or $1.38 per share, in the quarter ended Sept. 30 from $8.82 billion, or $1.14 per share, a year earlier. []

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.

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

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