Microsoft CEO Satya Nadella attends a global infrastructure and investment partner event held on the sidelines of the G7 Summit at the Borgo Egnazia resort in Saviletri, Italy, on June 13, 2024.
Mandel and | AFP | Getty Images
Microsoft First-quarter results will be announced after the close of regular trading on Wednesday.
Here are the consensus estimates from LSE analysts:
- Earnings per share: $3.10
- income: $64.51 billion
Revenue estimates imply annual growth of 14% for the quarter ending June 30.
In August, Microsoft said it would Modify report business units to reflect their management approach. Mobile and security services and some Windows revenue will now become part of the productivity and business process segment, which includes Office software.
Analysts polled by StreetAccount expected revenue in the segment to be $27.9 billion. That’s 36% higher than the midpoint of management’s July forecast of $20.45 billion, as analysts’ forecasts factored in those changes.
Investors will get a clearer picture of cloud consumption. Analysts expect revenue from the smart cloud business, including Azure cloud infrastructure, to reach $24.04 billion. CNBC’s consensus on Azure’s growth is 32.8%, while StreetAccount’s consensus is 29.4%.
exist alphabetical earnings report On Tuesday, the Internet company said its cloud business, which competes with Azure, grew nearly 35% year over year to $11.35 billion, beating expectations. AmazonThe company leading the cloud infrastructure market is scheduled to report results after the market close on Thursday.
For Microsoft’s more personal computing efforts, the StreetAccount consensus is $12.56 billion. Microsoft will announce to device manufacturers the combined growth rate of device sales and Windows operating system license sales. Industry researcher Gartner estimated PC shipments fell 1.3% in the quarter.
During the quarter, Microsoft worked to help customers recover after defective updates mass strike security software knock down Windows PCs Worldwide. Microsoft says it will partner with BlackRock to develop artificial intelligence infrastructure investment fundwith an initial capital target of US$30 billion.
Microsoft’s artificial intelligence investments will continue to be a major focus for investors as the company builds out infrastructure and increases spending on chips to handle heavier workloads. Microsoft is a major investor in ChatGPT creator OpenAI, which Valued at $157 billion in a funding round earlier this month.
As of Tuesday’s close, Microsoft was up about 15% for the year, while the Nasdaq was up about 25% over the same period.
Executives will hold a conference call with analysts beginning at 5:30 p.m. ET to discuss the results and issue guidance.
