Microsoft revenue, profit miss estimates

(This April 21 story fixes the headline to "miss" from"misses") (Reuters) – Microsoft Corp reported results that fell short of analysts' expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market. Two of Microsoft's three major businesses showed lower operating profits, led by what Microsoft calls its intelligent cloud division, which includes its Azure cloud-services business as well as traditional server software. "We would have liked to have seen 7 to 9 percent growth," Dan Morgan, a portfolio manager at Synovus Trust who holds Microsoft shares, said of intelligent cloud revenue.

Original story here.

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