Microsoft, Cloud and Azure growth
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Microsoft reported revenue and profits ahead of analysts' expectations, with Azure revenue growth climbing to 40% as the company continued to grapple with the effects of a widespread cloud outage.
As Azure crumbled, Microsoft laid out its latest 40% growth rate numbers to show how well the platform is doing
The most important number in Microsoft's earnings call could be its Azure forecast, particularly as investors assess the sustainability of cloud growth and the company's ability to meet demand in the face of supply constraints.
Microsoft's Azure and its suite of productivity software were down for thousands of users on Wednesday, according to outage tracking website Downdetector.com.