Microsoft Stock Slides As Weakened Cloud Outlook Reverses Earnings Jump

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The Street

By Martin Baccardax “We are seeing customers exercise caution in this environment, and we saw results weaken through December,” said CFO Amy Hood. Microsoft (MSFT) – Get Free Report shares slumped lower Wednesday after the tech giant’s near-term outlook for its key cloud computing business offset a better-than-expected December quarter earnings report. Shares slipped lower in after-hours trading last night, in fact, when the group forecast current quarter revenues for its intelligent cloud division of between $21.7 billion and $22 billion, a tally that missed Refinitv forecasts. Investors had …

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