News Formal

Microsoft Earnings Preview: Cloud Services In Focus

  • 📰 Forbes
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

I am Chief Market Strategist for TD Ameritrade and began my career as a Chicago Board Options Exchange market maker, trading primarily in the S&P 100 and S&P 500 pits. I've also worked for ING Bank, Blue Capital and was Managing Director of Option Trading for Van Der Moolen, USA. In 2006, I joined the thinkorswim Group, which was eventually acquired by TD Ameritrade. I am a 30-year trading veteran and a regular CNBC guest, as well as a member of the Board of Directors at NYSE ARCA and a member of the Arbitration Committee at the CBOE. My licenses include the 3, 4, 7, 24 and 66.

Consensus revenue estimate would represent 9.8% growth versus the year-ago quarterWhat’s bigger? Windows or the clouds outside?

Whichever way things drift in Q2, analysts see MSFT in a relatively healthy spot. The company—which some say missed out on the first big internet splash 20 years ago—has successfully rebooted itself into one that can offer a lot more than just Windows and competes very strongly with Amazon and others in the cloud sector.

“Earnings strength is very strong,” said Ford Equity Research in a report earlier this month. “MSFT’s earnings...have shown strong acceleration in quarterly growth rates when adjusted for the volatility of earnings. This indicates an improvement in future earnings growth may occur.”... [+] AMZN is suing the Department of Defense over allegations that it allowed President Trump to exert"improper influence" over the contract process. Because this is a legal matter in process, it’s very unlikely MSFT executives would address it in their earnings call.

Instead of just focusing on Azure growth, consider listening for any major new contracts announcements aside from the government one, which is huge in and of itself.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cloud, Windows sales power Microsoft earnings above Wall Street estimatesMicrosoft Corp on Wednesday reported fiscal second-quarter revenue and profit th... Windows still got it 😂😂 mohamed_anwar83 Is Microsoft still in business?
Source: Reuters - 🏆 2. / 97 Read more »

LIVE: Microsoft earnings - Business InsiderAnalysts are watching for continued growth in Microsoft's cloud business, particular after the company scored a $10 billion Pentagon cloud contract.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft set to report earnings after the bellMicrosoft is positioned to benefit as companies migrate to its Windows 10 operating system, but analysts project slowing growth in the Azure cloud business.
Source: CNBC - 🏆 12. / 72 Read more »

Microsoft's Azure growth rate is up for the first time in years - Business InsiderMicrosoft's Azure cloud business just showed accelerated growth for the first time in years as it takes on Amazon Web Services
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft stock rises toward more records after Azure, Windows 7 refresh produce earnings beatMicrosoft Corp. shares gained in the extended session Wednesday after the death of Windows 7 and continued growth in cloud computing pushed the company to an... These Fang stocks are being setup as to big to fail when this bubble pops. WHO says coronavirus vaccine coming soon
Source: MarketWatch - 🏆 3. / 97 Read more »