finance.yahoo.com

Microsoft Cloud Backlog Spurs Regulators’ Systemic-Risk Concerns

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Microsoft shares fell about 0.6% as regulators focused on financial-system risk from too much technology running through too few providers. Fourth-quarter results show Microsoft Cloud revenue up 27% to $59.3B, with $678B in commercial remaining performance obligations—about 11.4 times quarterly cloud revenue—prompting expectations for tougher backup, faster recovery, and credible switching options.

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