Also, with the economy slowing, revenue growth has decelerated across many sectors.

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He says investors might be overlooking the fact that the company has guided below consensus for two consecutive quarters while billings growth has decelerated.

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Revenue growth has decelerated in this most recent quarter to 44%.

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EchoStar, the number-two satellite TV provider, meanwhile, has cut its losses and reported a profit in its last quarter even as its revenue growth has decelerated.

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From FY08 when contractor numbers began to increase from 56K to 67K to 80K, operating margins dropped from 19% to 10% and revenue growth has decelerated from 33% to 13%.

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In the past 12 months, growth has decelerated appreciably.

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Unlike prior quarters, current earnings data are mixed, and growth has clearly decelerated.

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While this figure is about 25% higher than the 4 million iPhone 4S units it had sold during the opening weekend last year, it has decelerated significantly from the high sales growth recorded back then.

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India's economy has decelerated sharply over the past couple of years, leading to weaker revenue growth that is adding pressure on the government's finances.

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