Adobe, Salesforce stumble after Microsoft results show cloud concerns (ADBE)

Salesforce to buy popular messaging platform Slack for $27 billion

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Adobe (NASDAQ: ADBE), Snowflake (NYSE: SNOW) and Salesforce (NYSE: CRM) were among the biggest decliners in the business software space on Wednesday after Microsoft’s (NASDAQ: MSFT) forecast for its Azure cloud unit worried investors.

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