Microsoft reports a strong fiscal first quarter, but Azure’s growth rate continues to decline

Microsoft posted quarterly results today that were well ahead of analysts’ expectations, but Azure’s growth rate continues to decline as it competes with AWS. The company’s revenue for the first quarter of the fiscal year rose 14% year-over-year to $33.1 billion. Net income increased 21% to $10.7 billion, or $1.38 per share. Revenue from Microsoft’s Productivity and Business Processes segment, which includes its Office products and LinkedIn, grew 13% to $11.1 billion.

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