Reuters) -Microsoft reported slower-than-expected growth in its crucial Azure cloud business on Wednesday despite beating estimates for overall quarterly revenue, sending its shares down 4% in extended trading.
Microsoft's cloud unit Azure reported revenue growth of 31% in the quarter, missing Visible Alpha estimates of 31.8%.
At the company's Intelligent Cloud unit, which includes the Azure platform, revenue rose to $25.54 billion, missing expectations of $25.76 billion.
Total revenue rose 12% to $69.6 billion in the fiscal second quarter ended December, compared with analysts' average estimate of $68.78 billion, according to data compiled by LSEG.
