Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 1.13% 🇨🇭CHF: 0.82...Microsoft Corp is set to release its quarter four financial results on 30 July 2024 , after the US market closes.Market expectations are for Microsoft’s upcoming 4Q 2024 revenue to grow 14.5% year-on-year to US$64.4 billion, up from US$56.2 billion in 4Q 2023.
The management previously highlighted that the number of Azure AI customers continues to grow, average spend continues to increase and there is an “acceleration of revenue from migrations to Azure”. More famously, Chief Financial Officer Amy Hood said then that “near-term AI demand is a bit higher than available capacity”.Product differentiators firing on all fronts previously. Growth momentum on watch.
Mass adoption of these features are likely to persist, with investors to keep a lookout on the growth progress ahead.In the previous quarter, Microsoft stated that it expects capital expenditures to increase “materially on a sequential basis” as a result of increased cloud and AI infrastructure investments.
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