Microsoft Stock Slumps As Muted Outlook, Strong Dollar Hit, Clouds Q1 Earnings Beat

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By Martin Baccardax “The stronger US dollar decreased total company revenue by five points,” CFO Amy Hood said, adding that “our outlook has many of the trends we saw at the end of Q1, continue into Q2.” Microsoft (MSFT) – Get Microsoft Corporation Report shares traded firmly lower Wednesday after the tech giant posted weakening growth rates in its key cloud computing division and forecast disappointing revenue gains over the final months of the year. Microsoft said revenues for Azure, its flagship cloud division, rose 35% from last year, slowing notably from its prior quarter gains as compani…

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