Here's what we hope to see from AI powerhouse Microsoft's quarterly earnings this week

When Microsoft reports results for the first quarter of its 2024 fiscal year on Tuesday, investors will be looking to see whether the software giant's big bet on artificial intelligence is paying off at its cloud-computing unit. Microsoft's cloud business, Azure, is crucial to its increased focus on AI. As part of that effort, the company has poured $13 billion into a partnership with OpenAI , the startup behind ChatGPT.

mountain Microsoft year-to-date performance For the three months ended Sept. 30, Microsoft's total revenue is expected to climb 8.7% year-over-year, to $54.49 billion, according to analyst estimates compiled by LSEG, formerly called Refinitiv. Earnings-per-share should come in at $2.65, LSEG data showed, up 12.8% on an annual basis. Analysts estimate Azure revenue growth in the fiscal first quarter expanded 27% year-over-year in constant currency terms, according to FactSet.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Tech's Biggest Earnings Week Is HereMicrosoft and Alphabet kick off a big week of Big Tech earnings Tuesday.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Earnings playbook: How to trade a busy week of reports from companies including Microsoft and MetaBig Tech takes center stage in what could be a make-or-break week for S&P 500 earnings.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Nasdaq 100, S&P 500 Weekly Forecast: Alphabet, Microsoft and Amazon Earnings EyedCorporate earnings from tech mega-caps Alphabet, Microsoft, and Amazon could guide market sentiment and set the trading tone for the S&P 500 and Nasdaq 100 in the coming week.
Sumber: DailyFX - 🏆 305. / 63 Baca lebih lajut »