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- Microsoft cuts it outlook across its key divisions as it warned of cautious client spending.
- A patchy outlook helped give up gains realized after reporting above-expectation gains in Azure.
- Tech giants continue to contest with a depressed economic environment that suppresses revenues.
Microsoft has cut its outlook for revenue in the current quarter, as growth in its cloud business slows and its enterprise software division falters.
The downbeat third-quarter forecast, delivered during an earnings call Wednesday, feeds into investors' concerns about trouble ahead for companies and techs in particular, as a recession looms.