NEW YORK: Microsoft Corp reported tepid fourth quarter sales growth, held back by decelerating demand for cloud-computing services while the software maker waits for a revenue boost from new artificial intelligence-powered products. Profit in the period ended June 30 was US$2.69 a share and sales rose 8% to US$56.2bil , the software maker said in a statement. While overall results topped analysts' projections, Azure cloud services revenue growth slowed to 27%, excluding currency fluctuations, from 31% in the previous quarter.

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