Microsoft Corp. sparked a aid rally for the cloud Tuesday, then rained on that parade immediately after significantly less than two hrs of joy.
Microsoft MSFT claimed somewhat disappointing holiday getaway-quarter results, but the Azure cloud-computing organization topped Wall Street’s anticipations and to begin with sent shares bigger in right after-hours trading. Other cloud firms — which includes the only rival believed to have a even larger current market share than Microsoft, Amazon.com Inc. AMZN — joined in the fun with following-hours gains.
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