The company started selling its Copilot artificial intelligence add-on for small businesses with subscriptions to Microsoft 365 productivity software during the quarter.This would imply 15.0% year-over-year revenue growth, slightly higher than the 14.5% forecast that management gave in January. Analysts bumped their projections after technology industry researcher Gartner estimated that PC shipments increased 0.9% in the quarter.
Analysts polled by CNBC expect growth from Azure cloud services to slow to 28.8% from 30% in the previous quarter. The StreetAccount consensus for Azure growth is 28.6%.with Microsoft 365 productivity software subscriptions and hired Mustafa Suleyman, co-founder of artificial intelligence lab DeepMind, to run a new Microsoft AI group. Suleyman had been co-founder and CEO of startup Inflection, and many of its employees also joined Microsoft.
This marks the first full quarter for sales of the Copilot add-on for commercial Microsoft 365 customers. In a note on Sunday, analysts at Piper Sandler warned clients not to expect many financial details from Microsoft.Executives will go over the results and issue guidance on a conference call with analysts starting at 5:30 p.m. ET.
Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, IBM, UPS, Five Below, Amazon, TJX Companies & moreForget Nvidia: Morgan Stanley says Intel's much-hyped AI chip will boost 3 global stocks These 5 stocks will power the AI revolution as data centers spread and electricity demand doubles, says Bank of America
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