Microsoft Corp. saw cloud-computing growth slow in the latest quarter, suggesting that even big technology companies aren't immune to the current...
[MDB, -4.80%](/investing/stock/MDB?mod=MW_story_quote), and Elastic N.V. -6.80% [NOW,](/investing/stock/NOW?mod=MW_story_quote), down 3.9%; and shares of Salesforce Inc., down 2.8%. -4.10% [SNOW,](/investing/stock/SNOW?mod=MW_story_quote), down 6.0%; shares of ServiceNow Inc. We believe these results could weigh on the shares of MSFT, along with the shares of the entire software sector.” Microsoft’s results in its Azure cloud-computing business and elsewhere indicated that the company is facing challenges in the commercial business, not just in consumer-facing areas, according to Cowen & Co. [MSFT, -7.72%](/investing/stock/MSFT?mod=MW_story_quote)were off more than 6% in premarket trading Wednesday, and the signals from the company’s latest report seemed to pressure not only cloud-computing rival Amazon.com Inc.’s stock [AMZN,](/investing/stock/AMZN?mod=MW_story_quote), but also the broader software sector.
Results from Microsoft are not just worrying for investors when MSFT is concerned, but also points as an early indicator to other tech stocks.
[MSFT](https://capital.com/microsoft-share-price) sees $52.35bn to $53.35bn in revenue for the fiscal second quarter, which implies growth of around 2%. Short position overnight fee Long position overnight fee In November 2021, at their record peak, the share price was close to $350. Overnight fee time “In a world facing increasing headwinds, digital technology is the ultimate tailwind,” CEO Satya Nadella said in a statement. Azure growth fell to 35% in the first-quarter of 2022, compared with 50% in the same quarter last year. Sales in its Intelligent Cloud segment have dropped significantly since its pandemic highs. [MSFT](https://capital.com/microsoft-share-price)'s cloud computing business Azure, which lets businesses run and store software applications, slowed down. [MSFT](https://capital.com/microsoft-share-price)) and despite beating analysts’ expectations, its flagship cloud computing business declined 20% year-over-year, sending its share price down by 7% in after/pre-market trading, for a cumulative year-to-date loss of 25%. The results were in on Tuesday for Microsoft ( [MSFT](https://capital.com/microsoft-share-price) Intelligent Cloud business has been one of the key segments of the company’s growth for the last few years and includes its Azure cloud platform, as well as Windows Server, SQL Server, Nuance and Enterprise Services.