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Revenue for Dynamics products increased by 21 percent for the second quarter ended December 31, Microsoft said this week.

But growth has slowed and will continue to slow down. For the future,” in Dynamics, we expect revenue growth in the mid-teens driven by Dynamics 365,” CFO Amy Hood said in this week’s earnings webcast. The company noted Dynamics revenue grew by 19 percent in constant currency, but it also noted bookings growth “was impacted by weaker new business, primarily in Dynamics 365 ERP and CRM workloads.” Revenue for the most recently quarter was $1.58 billion, from $1.3 billion a year ago. Dynamics 365 revenue grew by 27 percent. For the half, revenue was up 21.7 percent to $3.12 billion from $2.56 billion in last year’s corresponding period. Company revenue for the second quarter was slightly more than $62 billion, an increase of 17.6 percent from $52.75 billion a year ago. Net income rose 33 percent to $21.87 billion from $16.43 billion.

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